Airlines warn about spike in fuel costs, Southwest narrows revenue outlook
Publishing timestamp: 2023-09-06 10:27:12
Summary
The article discusses how major U.S. airlines, including Southwest, Alaska, and United, have warned about the spike in jet fuel prices during the busy summer travel season. Fuel costs have increased by over 30% since July, raising concerns about how much of the increase carriers have been able to pass along to customers. Southwest Airlines has narrowed its unit revenue outlook for the current quarter, while Alaska Airlines and United Airlines have also warned about the impact of higher fuel prices on their results. The article concludes by mentioning that airlines are scheduled to report their quarterly results in October.
Sentiment: NEGATIVE
Keywords: oil and gas, business news, southwest airlines co, airlines, life, breaking news: markets, aerospace and defense industry, business, united airlines holdings inc, breaking news: business, travel, transportation, markets, alaska air group inc,