US EditionUnited Airlines to cut more flights as it eyes oil above $100 through 2027
United Airlines cancels 5% of flights including red-eyes and suspends Israel and Dubai routes due to jet fuel prices doubling amid Middle East conflict, risking $11 billion annual costs.
- United Airlines CEO Scott Kirby announced the airline will cancel about 5% of planned flights in the short term.
- Kirby said that jet fuel prices have more than doubled in the last three weeks, and 'if prices stayed at this level, it would mean an extra $11 billion in annual expense just for jet fuel,' reflecting concerns over the U.S.-Israeli war on Iran.
- At Chicago O'Hare, United will reduce about one point of capacity, and has pulled Tel Aviv and Dubai services, totaling about 5% of this year's planned capacity.
- Kirby insisted the cuts are temporary and United will not furlough employees or defer aircraft orders, while the Federal Aviation Administration's summer flight-cut plans prompted an additional pull at Chicago O'Hare International Airport as the U.S. Treasury temporarily authorized purchases of Iranian oil.
- Brent crude is holding above $108 per barrel amid shipping slowdowns through the Strait of Hormuz, while Kirby said demand remains the strongest United has seen with the 10 biggest booked revenue weeks in the last 10 weeks.
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The Iran war drives fuel prices up. United Airlines cuts off around five percent of its capacity. The kerosene price has more than doubled.
Globo
CNN BrasilAt these levels, the U.S. annual fuel account would increase about US$ 11 billion, more than the profit gained in its "best year of all times", according to the chief executive, Scott Kirby.
United trimming flights as Middle East conflict drives fuel costs higher
United Airlines announced Friday it is trimming flights as rising fuel costs tied to the U.S. military operation in Iran squeeze the industry. United CEO Scott Kirby, in a memo shared to the company's website, said the airline will cancel about "3 points of flying in off peak periods" — pointing to redeye trips and...
United Airlines plans for oil hitting $175 a barrel and staying above $100 next year as industry faces worst shock since COVID
CEO Scott Kirby pointed out jet fuel prices have more than doubled in the last three weeks, representing an additional $11 billion in annual costs if prices stay at that level.
Fox Business
The New York LedgerUnited Airlines slashes flights as Iran war sends fuel prices soaring
United Airlines is slashing flights as soaring fuel prices tied to the Iran war hit U.S. carriers, becoming the first major U.S. airline to announce a cut to capacity after weeks of industry warnings.United CEO Scott Kirby said in a staff memo released Friday that the airline will cut about 5% of capacity by trimming less profitable routes. He said the company is preparing for a prolonged period of elevated fuel prices, modeling oil at $175 per …
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