00:00It's Benzinga bringing Wall Street to Main Street.
00:02United Airlines on Tuesday unveiled an aircraft and cabin overhaul focused on premium seating
00:07as it advances a long-term growth plan, according to Reuters. The carrier said it expects to
00:13receive more than 250 aircraft by April 2028, including 68 Airbus jets with life-flat Polaris
00:20seats and larger premium cabins. The announcement follows plans to cut about five percentage points
00:25of capacity as oil prices are expected to remain above $100 per barrel through 2027 and rise as
00:33high as $175. United said its annual fuel bill could increase by about $11 billion at those levels.
00:41CEO Scott Kirby said United is better positioned to absorb shocks, protect margins by cutting less
00:46profitable flying, and continue long-term investment. For all things money, visit Benzinga.com.
Comments