Analysis-US airlines face fuel-driven financial shakeout

Analysis-US airlines face fuel-driven financial shakeout

By Rajesh Kumar Singh CHICAGO, March 30 (Reuters) – When United Airlines CEO Scott Kirby wrote to employees about the oil price surge earlier this month, the most telling line was not about fuel bills or flight cuts. It was about opportunity. If fuel prices stay elevated, he wrote, it could create a chance “to buy assets, absorb network changes, etc.” — the language of a carrier that expects rivals to stumble. The latest price spike could become…

US airlines face fuel-driven financial shakeout

High fuel costs seen threatening low-cost carriers' profitability

Oil Surge Tests US Airlines, Opens Door For Industry Shakeout

Oil surge tests US airlines, opens door for industry shakeout A sharp rise in oil prices is emerging as the first major financial stress test for US airlines since the pandemic, exposing deep divides between stronger carriers and those already under pressure. United Airlines Chief Executive Scott Kirby wrote a letter to his staff regarding the recent fuel price hike to explain both business dangers and new business possibilities. The elevated pr…