United Airlines CEO Scott Kirby warned Wednesday that a sharp increase in jet fuel prices will drive up airfares amid an increase in oil prices. “Higher jet-fuel prices lead to higher ticket prices,” Kirby told CNBC. “Ultimately, we’ll pass that through.” The CEO has said that higher demand typically drives up the prices for fuel. Kirby’s comments come a day after United Airlines reported a smaller third-quarter loss, but was hurt by a resurgence in coronavirus cases, which slowed bookings and drove up cancellations. United Airlines expects to spend about $2.39 per gallon in the fourth quarter on jet fuel. The carrier spent on average $2.14 per gallon in the third quarter, about 6 percent higher than in the same period in 2019. Delta Air Lines’ CEO, Ed Bastian, issued a similar warning earlier this month about fuel costs. “Fuel prices continue to rise, which will pressure our ability to remain …
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