Lates News

United Airlines CEO Scott Kirby said on Wednesday that with the fall in oil prices and increasing demand resilience, the company is gradually making up for the impact of high fuel costs. He is becoming more confident that the airline is expected to achieve double-digit pre-tax profit margins next year. Kirby said at the Bernstein investor conference that before the situation in Iran led to a rise in fuel prices, United Airlines was expected to achieve double-digit profit margins this year. He stated that the drop in oil prices has lowered the threshold for the airline to fully offset the impact of fuel costs through revenue and added that the process of achieving 100% recovery is likely moving forward.