American Airlines United Airlines and Southwest Airlines are scaling back planned flight schedules following a recent surge in fuel prices that threatens their profits, executives said Wednesday.
The U.S. airline industry has been leaning on tighter capacity, resilient demand and higher fares to absorb a runup in fuel costs since the Iran war began.
Executives at all three carriers said on Wednesday that demand remained strong even after price increases, helping them offset much of the higher cost of jet fuel. But the latest jump in fuel is prompting them to reassess less-profitable routes late this year and, potentially, into 2027.
More - American, United, Southwest scale back schedules as fuel shock reshapes flying | Reuters