News
United Air Sees as new details emerge
Current reporting indicates (Bloomberg) -- United Airlines Holdings Inc. Additional sourcing indicates Outlining worst-case scenarios even as the aviation industry benefits from current record travel demand., Chief Executive Officer Scott Kirby warned of $175 oil prices that would dramatically drive up jet-fuel expenses.
(Bloomberg) -- United Airlines Holdings Inc. Additional sourcing indicates Outlining worst-case scenarios even as the aviation industry benefits from current record travel demand., Chief Executive Officer Scott Kirby warned of $175 oil prices that would dramatically drive up jet-fuel expenses. The latest accounts show The already elevated price of jet fuel is prompting the airline to cut 5 percentage points of capacity in the near term where routes are temporarily unprofitable, Kirby told staff in a memo late on Friday. According to updated reporting He reported the carrier is strong enough to weather a crisis and won't defer investments or furlough workers., At the same time. Additional sourcing indicates Most Read from Bloomberg The reality is, jet fuel prices have now more than doubled in the last three weeks, Kirby told employees in the memo. The latest accounts show It would mean an extra $11B in annual expense just for jet fuel., If prices stayed at this level.
Key Facts
- (Bloomberg) -- United Airlines Holdings Inc.
- Outlining worst-case scenarios even as the aviation industry benefits from current record travel demand., Chief Executive Officer Scott Kirby warned of $175 oil prices that would dramatically drive up jet-fuel expenses.
- The already elevated price of jet fuel is prompting the airline to cut 5 percentage points of capacity in the near term where routes are temporarily unprofitable, Kirby told staff in a memo late on Friday.
- He reported the carrier is strong enough to weather a crisis and won't defer investments or furlough workers., At the same time.
- Most Read from Bloomberg The reality is, jet fuel prices have now more than doubled in the last three weeks, Kirby told employees in the memo.
Primary Source
Research Sources
- Yahoo! Finance — United Air Sees Risk of Surging Fuel Cost, Says Airline Is Ready