United Airlines announced it expects nearly $6 billion more in fuel costs this year compared to what it projected at the start of 2026, as a renewed spike in oil prices impacted its third-quarter and full-year profit forecasts.
The rise comes as oil prices increase for a fourth consecutive day on Thursday after a new wave of U.S. strikes on Iranian military sites sparked fears of renewed full-scale conflict and supply disruptions in the Strait of Hormuz.
The United States hit Iran’s coastal defenses and missile sites on Wednesday after reimposing a naval blockade of its ports, while Iran threatened to cut off more regional energy exports, saying it was engaged in an “existential war” with America.
Despite the price rise, Still, the Chicago-based carrier raised the lower end of its full-year profit forecast, betting that strong travel demand, higher fares, and capacity cuts will help it absorb the fuel shock.
United Airlines’ second-quarter results included: adjusted earnings per share expected to be between $2.50 and $3.50, below analysts’ estimates of $3.60.
For the entire year, it expects adjusted earnings per share to be between $9 and $11.
According to Argus, jet fuel prices at major U.S. airports have increased by 34% in July alone. Jet fuel is the second-largest expense for airlines after labor.
By CEO NA Editorial Staff
