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via finance.yahoo.comBusiness & Companies

United CEO: high fuel prices will lead to a reckoning for airlines

FROM THE WIRE · FINANCE.YAHOO.COM

Airlines may not be able to sidestep the profit crimp from sky-high jet fuel prices for that much longer. "I think it's most likely that fuel stays high," United Airlines CEO Scott Kirby said at Yahoo Finance Invest. "It is increasing the stress. I think six of 10 US airlines…

Read at the source ↗
MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bearishHigh fuel costs weigh on airline margins, with possible effects on sector stocks.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01United CEO expects fuel to stay high.
  2. 02He said six of ten US airlines may lose money this year.
  3. 03Spirit Airlines went out of business this year due to high oil prices.
  4. 04Crude oil prices have surged this year.
NEWS IMPACT AND MARKET REACTIONChange from the reference price
United Airlines Holdings, Inc.UALStock111.25 USDMarket closedtoday -6.02%Negative Delta Air Lines, Inc.DALStock86.55 USDMarket closedtoday -5.22%Negative Crude Oil WTICOMMODITY:WTICommodity88.77 USD-0.03%today +0.08%Positive
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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