The Epoch Times
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October 20, 2021 Updated: October 20, 2021
United Airlines CEO Scott Kirby warned Wednesday that a sharp increase in jet fuel prices will drive up airfares amid an increase in oil prices.
“Higher jet-fuel prices lead to higher ticket prices,” Kirby told CNBC. “Ultimately, we’ll pass that through.”
The CEO has said that higher demand typically drives up the prices for fuel. Kirby’s comments come a day after United Airlines reported a smaller third-quarter loss, but was hurt by a resurgence in coronavirus cases, which slowed bookings and drove up cancellations.