U.S. Airlines Lost Close to $1B in First Quarter
Carriers were stung by higher fuel prices stemming from the war in Iran.
Carriers were stung by higher fuel prices stemming from the war in Iran.
Carriers will spend $100 billion more on jet fuel this year, the trade group predicted.
But U.S. carriers are still absorbing the majority of the increase in the price of jet fuel, according to Chris Sununu.
The carrier is preparing for potential fuel shortages in certain markets.
The carrier posted a net loss of $319 million for the first quarter.
Willie Walsh said Asia and Europe will likely be affected first.
Airlines are scrambling to adjust their summer schedules to stay ahead of price volatility.
The carrier is the last of the Big Four to implement price hikes for baggage.
Ed Bastian alluded to potential mergers and bankruptcies for carriers that cannot produce a return on investment for their owners.
But the carrier continues to see strong demand and beat expectations with its first-quarter earnings.