Keep pulling the thread on Scott Kirby.
Scott Kirby believes the financial problems at Spirit Airlines are due to a fundamentally flawed business model, not the recent increase in fuel prices.
United Airlines CEO Scott Kirby projects the company will be solidly profitable for the full year despite a doubling of fuel prices.
Foreign-flagged airlines operate 65% of long-haul seats into the United States, while foreigners account for only 40% of the customers on those routes.
United Airlines' acquisition strategy is primarily focused on assets that support the growth of its international network.
United Airlines has gained approximately 20 percentage points of market share from local customers in three of its hub cities over the last year.
United Airlines beat earnings expectations in its most recent quarter but cut its future guidance.
A 15% to 20% increase in airfares is needed to fully recover the cost of a 100% increase in fuel prices.
United Airlines plans to trim some flying capacity in the second half of the year, specifically on marginal routes such as those on Tuesdays, Wednesdays, Saturdays, and red-eyes.
United Airlines is trimming capacity in anticipation that higher fuel prices will eventually lead to a decrease in consumer demand.
United Airlines is closely monitoring potential jet fuel shortages globally, with a particular focus on Asia and Europe.
In the event of jet fuel shortages, airlines are more likely to cut short-haul services than long-haul global flights.
Lufthansa has been cutting flights and Asian carriers have been struggling due to a physical lack of jet fuel.