United Airlines may have to raise ticket prices by up to 20 percent to offset the spike in jet fuel costs driven by the ongoing war in Iran, the company revealed on April 22.
The airline’s CEO, Scott Kirby, announced the move to investors during a quarterly earnings call, saying the company’s goal “is to do whatever it takes to recover 100 percent of the increase in jet fuel prices as quickly as possible.”
“Yields need to increase by about 15 percent to 20 percent,” Kirby said, adding the company is assuming fuel prices could remain elevated for longer, according to a transcript of the call published on financial commentary and analysis site Seeking Alpha….