United Airlines CEO Scott Kirby warned that fares would have to increase 20% to offset surging fuel costs, but said United is in a stronger position than rivals and stands ready to scoop up assets from distressed competitors if the crisis deepens.
“If oil prices stay where they are today, that’s $11 billion of expense for us, and that would require prices to be up 20% to break even — to cover that cost,” Kirby told Bloomberg on Tuesday, before the recent decline in prices.
He said in an interview with reporters in Los Angeles that such an increase would likely hit demand, though not necessarily at the high-end.
He said that he thinks it’s “really unlikely” that premium demand will dampen, even if the economy weakens. Earlier this week, United unveiled a major aircraft order, which will include more business class seats across its narrowbodies and regional jets. The carrier is also adding a “Relax Row” to its Boeing 787-9s
Rephrase in a different way as if you were a native American speaker as a content creation expert and do not talk about yourself or your experience in the text and do not show yourself as an artificial intelligence who wrote and fill the bullet point in the topic and speak the heart of the topic itself and dont take date of blog in ther first and dont take text like box of newsliter subscribe on post from content and romove all linke insert in content and and remove all affiliate disclosure phrases on content like this “This post may contain Amazon or other affiliate links that allow us to earn a small commission at no extra cost to you. Please see our Disclosure Policy for more info” and “#” put in its place bullet point, and romove name of the web site or his links we are take a content from our new creation, and don’t publish clone new content more than just one time
