Fuel price spike to impact United Airlines Q1 earnings

CEO Scott Kirby says fuel prices rose 15 percent after recent strikes. While demand is resilient, the airline expects a hit to its first quarter results.

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United Airlines Holdings, Inc. CEO Scott Kirby has warned that a sharp increase in fuel costs will significantly impact the carrier's first-quarter results. The surge follows military strikes by the United States and Israel against targets in Iran, an escalation that has disrupted global aviation and sent energy prices climbing.

Scott Kirby, CEO of United Airlines, is seen during a panel at the International Air Transport Association's Annual General Meeting in Boston, Massachusetts, in this 2021 photo by Brian Snyder for Reuters.
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