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26.03.26 - 23:15
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United Airlines CEO Warns Summer Airfares Will Spike, Tells Travelers To Book Now (ZeroHedge)
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United Airlines CEO Warns Summer Airfares Will Spike, Tells Travelers To Book Now
United Airlines CEO Scott Kirby told ABC News on Wednesday that the month-long U.S.-Iran conflict and the resulting spike in jet fuel prices are set to push domestic summer airfares higher.
Kirby told ABC that ticket prices will have to rise by 20% to offset the more than 80% jump in jet fuel prices since the conflict began late last month. He said travelers should lock in their ticket prices now, before fares move higher.
Jet Fuel NY Buckeye MOC (New York Buckeye Pipeline jet fuel benchmark)
In a separate report, Bloomberg cited data from research firm Alton Aviation showing that long-haul summer airfares have surged. In particular, June fares on key Asia-Pacific-to-Europe routes are up 70% from a year ago, with some routes experiencing even steeper increases: Hong Kong to London, up 560%; Bangkok to Frankfurt, up 505%; and Sydney to London, up 429%.
Data from the research firm Cirium show that demand for summ...
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