United Airlines, one of the world's largest airlines, is reportedly reducing its number of flights as a consequence of soaring fuel prices, according to reports from Helsingborgs Dagblad and Sydsvenskan. The airline plans to cut about five percent of all its flights, as stated by the company. United Airlines flies to over 300 destinations globally.
The price of oil has reportedly surged to over $100 per barrel in recent weeks, and SAS has previously announced similar measures. If the price level persists, United's CEO Scott Kirby reportedly estimates that the airline's fuel costs will increase by $11 billion this year. According to the company, there are no current plans for staff reductions.
If the price level persists, United's CEO Scott Kirby reportedly estimates that the airline's fuel costs will increase by $11 billion this year.