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1.31652857744392E-05 1.31652857744392E-05 0.000561718859710653 -0.000749324181996996 0.00168076815054063 0.0024268010110939 0.00165882600758324 0.000781140289285107
Stock impact report

United Airlines raising ticket prices up to 20% as fuel costs surge amid Iran war [FOX Business Network]

United Airlines Holdings, Inc. (UAL) 
Last united airlines holdings, inc. earnings: 4/30 04:30 pm Check Earnings Report
US:NYSE Investor Relations: ir.united.com
United Airlines warned Wednesday that the company is raising ticket prices by as much as 20% as it grapples with surging jet fuel costs driven by the war in Iran. The alarming notice came during the company's quarterly earnings call, where CEO Scott Kirby said the airline is aiming to "recover 100% of the increase in jet fuel prices as quickly as possible." "Sell-in yields for all future travel are now up 20% year-over-year," Executive Vice President and Chief Commercial Officer Andrew Nocella said, indicating that customers are already booking future flights at prices roughly 20% higher than last year's levels. Kirby added that yields likely need to remain near that range to achieve long-term profit margins. "Yields need to increase by about 15% to 20%, and we are assuming that fuel may remain higher for longer," he said. The CEO added that higher prices are expected to dampen overall demand, but noted there have been no signs of decline yet following earlier fare and bagg Show less Read more
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