CHICAGO, July 16 (Reuters) – United Airlines said on Thursday higher fares had caused minimal to no damage to travel demand, bolstering its confidence that pricing gains can help it absorb nearly $6 billion in additional fuel expense this year. Chief Executive Scott Kirby said yield — the average passenger revenue an airline earns for […]
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United sees little demand hit from higher fares, expects pricing gains to hold
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CHICAGO, July 16 (Reuters) – United Airlines said on Thursday higher fares had caused minimal to no damage to travel demand, bolstering its confidence that pricing gains can help it absorb nearly $6 billion in additional fuel expense this year.
Chief Executive Scott Kirby said yield — the average passenger revenue an airline earns for each mile flown — should continue moving toward what he called reasonable pre-pandemic levels, eventually allowing airlines to make enough money to justify the investment required to run their businesses.
(Reporting by Rajesh Kumar Singh)