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The airlines stated that this figure was determined by an estimation of the rise in the companies' jet fuel expenses this year in relation to earlier projections. The estimates presume that the typical fuel cost will stay over $4 per gallon until the year's conclusion.
Leading US carriers, such as United Airlines and American Airlines, have previously reduced their yearly projections because of the surge in fuel prices caused by the Middle East conflict. Certain budget airlines will shortly publish their own predictions.
Leaders of various budget airlines convened in Washington last week with US Transportation Secretary Sean Duffy and FAA Commissioner Brian Bedford, according to the WSJ. Sources from the newspaper reported that representatives from the Transportation Department passed the airlines' plea to the White House.
Talks regarding a potential economic assistance package for airlines are anticipated to persist in the next few days. Sources from the WSJ indicate that US President Donald Trump's recent remark about liking "many airlines because it fosters competition" motivated low-cost airlines.
source: wsj.com
Leading US carriers, such as United Airlines and American Airlines, have previously reduced their yearly projections because of the surge in fuel prices caused by the Middle East conflict. Certain budget airlines will shortly publish their own predictions.
Leaders of various budget airlines convened in Washington last week with US Transportation Secretary Sean Duffy and FAA Commissioner Brian Bedford, according to the WSJ. Sources from the newspaper reported that representatives from the Transportation Department passed the airlines' plea to the White House.
Talks regarding a potential economic assistance package for airlines are anticipated to persist in the next few days. Sources from the WSJ indicate that US President Donald Trump's recent remark about liking "many airlines because it fosters competition" motivated low-cost airlines.
source: wsj.com
