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The Independent UK
The Independent UK
National
Josh Marcus

What the Iran war and Strait of Hormuz closure means for United Airlines fares

United Airlines Iran the Iran war Scott Kirby
  • United Airlines may increase fares by up to 20% to offset soaring fuel prices, which CEO Scott Kirby aims to recover in full.
  • Fuel costs have doubled due to the Iran war and the closure of the Strait of Hormuz, a critical oil-shipping lane.
  • Kirby warned that sustained high oil prices could lead to airlines failing, estimating an additional £11bn annual expense for United.
  • In response to rising costs, Lufthansa has cancelled 20,000 flights, and the EU is implementing measures to prevent a summer fuel shortage.
  • The Strait of Hormuz remains unstable, with Iran seizing two container ships following President Donald Trump's ceasefire announcement, and potential months-long mine clearance.

IN FULL

United Airlines may raise fares by 20% as airlines struggle with fuel price surge amid Iran war

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