United Airlines announced Thursday that climbing ticket prices have done little to push travelers away, giving the carrier confidence that stronger fares can help cover what amounts to nearly $6 billion in extra fuel costs expected this year.
Chief Executive Scott Kirby addressed the issue of yield — the average amount of revenue an airline collects per mile each passenger flies — saying it should continue trending toward what he described as reasonable pre-pandemic levels. Kirby said that over time, this would allow airlines to generate enough revenue to justify the significant investment needed to operate their businesses.
