As reported by Reuters, the recent fuel price surge alone will add about 1 billion USD in additional expenses to American Airlines in the fourth quarter.
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Southwest has already roughly halved its planned growth in flight numbers for 2026 and may cut it further.
The company’s CFO stated that if fuel prices remain “high for a longer period,” reducing flight volumes is a “natural reaction.”
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United Airlines announced yesterday that it is canceling December flights and may continue cuts in the first quarter and in 2027. The company’s CFO emphasized: “Our goal is not to fly just to maintain market share.”
Jet fuel prices in the US currently stand at 4.70 USD per gallon – a 108% increase since the start of the war.
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