Fuel Frenzy: How Rising Costs Could Upend Airlines' Recovery United Airlines' second quarter earnings report revealed a mixed bag, but one thing is clear: the airline industry's recovery is being threatened by skyrocketing fuel costs.
The airline's adjusted earnings per share beat Wall Street estimates, but its forecast for added expenses due to higher fuel prices paints a grim picture.
The $6 billion price tag attached to rising jet fuel costs is staggering, and it's not just United that's feeling the pinch. Delta Air Lines has also announced plans to pass on more of these increased costs to flyers.