The CEO of United Airlines has warned that prices for flights during the busy holiday season will spike. United Airlines CEO Scott Kirby said surging fuel prices are to blame for the upcoming travel prices that are expected to balloon.
“Higher jet fuel prices lead to higher ticket prices,” Kirby told CNBC. “Ultimately, we’ll pass that through.”
Kirby did not speculate on exactly how much airline fares would increase. However, United Airlines anticipates an average price of $2.39 a gallon in the fourth quarter. That’s an increase from a $2.14 a gallon price in the third quarter, and a $2.02 average the airline paid in the fourth quarter of 2019.
But it isn’t only jet fuel that is spiking. Americans are paying more at the pump.
