United Airlines Raises Fares Due to Fuel Costs

United Airlines is implementing fare increases and reducing flight capacity for the remainder of the year, directly attributing these changes to a significant surge in jet fuel prices. CEO Scott Kirby highlighted that fuel costs have more than doubled, impacting the airline's financial performance. This strategic adjustment aims to mitigate the financial strain caused by the escalating operational expenses, ensuring the company can navigate the current economic climate effectively. The airline's first-quarter fuel expenses alone saw an increase of $340 million.