United Airlines to Keep Cutting Routes as Fuel Costs Stay High
Dow Jones
Yesterday
1347 ET - United Airlines plans to continue cutting marginal routes as fuel costs remain elevated, CFO Mike Leskinen says during a Morgan Stanley conference. The airline has already cut some of those routes as the war in Iran has driven up fuel costs, he says. In 4Q, there will be some flights in December that won't fly that United originally thought would, Leskinen says. If fuel costs remain high, United plans to make more adjustments in 1Q and beyond in 2027. "We are not flying to maximize market share. We're flying to maximize profitability and free cash generation," Leskinen says.
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