United Airlines Adjusts Flight Schedule Amid Surging Jet Fuel Costs

United Airlines is making significant adjustments to its flight schedule as the cost of jet fuel continues to soar, driven by conflict in the Middle East.

CEO Scott Kirby announced on Friday that the airline will cancel approximately 5% of its planned flights in the immediate future. Kirby highlighted the impact of higher fuel expenses, which could add $11 billion to annual costs if prices remain at current levels.

The company's strategy includes reducing capacity at various airports, including Ben Gurion International in Israel and Dubai International, as well as Chicago O'Hare, due to FAA's flight cut plans. United looks to restore its full schedule by fall.