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United boosts airfares due to high fuel costs

The head of United Airlines parent company on Wednesday said high jet fuel prices are keeping the bankrupt airline from reaching profitability, and it has moved to match a fare hike by rival carrier Continental Airlines to offset those costs.
JETS
"If not for fuel prices, I'd be able to say we'd be profitable this quarter," United Air's CEO Glenn Tilton said Wednesday.Stephen J. Carrera / AP file
/ Source: Reuters

The head of United Airlines parent company on Wednesday said high jet fuel prices are keeping the bankrupt airline from reaching profitability, and it has moved to match a fare hike by rival carrier Continental Airlines to offset those costs.

Speaking at an event in New York, UAL Corp. Chief Executive Glenn Tilton said: "If not for fuel prices, I'd be able to say we'd be profitable this quarter."

Tilton said United was matching fare hikes unveiled Tuesday by Continental that add $10 each way to flights up to 1,000 miles and $20 each way to flights of 1,000 miles and longer.