Despite challenges such as high fuel costs and supply-chain issues, exceptionally strong demand and travelers’ willingness to pay higher fares drove the airline industry back to profitability in 2022.
In the current environment, airline chiefs are not seeing many pre-recessionary indicators.
“I guess if you squint hard,” United Airline CEO Scott KirbyWhile the price of jet fuel has fallen more than 20% in the past month, other costs for carriers are set to climb. Earlier this month, DeltaIf Delta pilots approve the deal, it will likely cause a domino effect with contract negotiations at fellow legacy carriers where labor deals have been scuttled.
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