United Airlines CEO Expects Double-Digit Profit Margin Next Year

On May 28, United Airlines CEO Scott Kirby stated on Wednesday that as oil prices decline and demand remains resilient, the company is gradually offsetting the impact of high fuel costs. He is increasingly confident that the airline is likely to achieve a double-digit pre-tax profit margin next year. Speaking at the Bernstein Investor Conference, Kirby noted that prior to the rise in fuel prices due to the situation in Iran, United Airlines was on track to achieve a double-digit profit margin this year. He mentioned that the drop in oil prices has lowered the threshold for the airline to fully offset the impact of fuel costs through revenue, adding that the process of achieving 100% recovery is likely progressing forward.