Scott Kirby, the chief executive officer of United Airlines Holdings Inc., said he wouldn't comment when asked if his company would be buying American Airlines. Kirby did say he is focused on leveling the playing field with foreign airlines and building a "great global airline that all US citizens can be proud of." He speaks with Bloomberg's Lisa Abramowicz from the company headquarters in Chicago.
United Airlines Holdings Inc. Chief Executive Officer Scott Kirby sidestepped a question about if he's interested in buying rival American Airlines. But he did say discussions have been held with one airline about buying some assets. He also spoke to Lisa Abramowicz in Chicago about jet fuel prices, earnings and travel demand.
Airlines are hiking prices, cutting perks, and travelers still can't get enough. Points Guy Founder Brian Kelly joins Bloomberg Open Interest to break down why airfare isn't dropping anytime soon, how airlines are quietly stripping value from tickets, and why massive demand is keeping the entire system afloat despite rising costs and frustrations.
US airlines are raising fares, adding baggage fees, and dialing back routes as the war in Iran continues to wreak havoc on oil and jet fuel costs, making summer travel this year more expensive than ever. Summer travel costs Going.com Travel Expert Katy Nastro joins Tim Stenovec and Christina Ruffini on Bloomberg This Weekend to discuss. Watch the show LIVE every Saturday and Sunday morning.
Bloomberg's Benedikt Kammel discusses the impact of the two-week ceasefire between the US and Iran on airlines and the implications for jet fuel prices and air fares.
Speaking at a Cabinet meeting in the White House, President Donald Trump says he might have to take "drastic measures" to end the lengthy shutdown at the Department of Homeland Security.
Airlines are seeing a surge in demand as customers try to lock in their tickets ahead of a likely surge in prices due to fuel costs brought on by the war in the Middle East. Delta and American Airlines are both forecasting strong sales. Bloomberg's Benedikt Kammel reports.
The cost of airline tickets may jump as much as 9% as oil prices soar in the aftermath of the Iran war, according to the leading aviation industry group. "You're looking at probably an 8% or 9% increase" in airfares, Willie Walsh, director general of the International Air Transport Association, said at a conference in Lima. George Ferguson of Bloomberg Intelligence has more.
