“If prices remained at this level, annual costs for fuel alone would be $11 billion higher,” company CEO Scott Kirby said in a message to employees.
He emphasized that their plans are based on the assumption that the price of oil could rise to $175 per barrel, and that it will not drop below $100 until the end of 2027, reports Reuters.
Kirby added that the airline currently plans to restore a full flight schedule in the fall.
This is the latest in a series of announcements by global airlines that limit the number of flights due to the rise in fuel prices caused by the war in the Middle East, reports Bankar.me.
On March 12, Air France-KLM announced that it would increase the prices of long-haul flights, while Scandinavian SAS announced the cancellation of a thousand flights in April five days later.
(Vijesti.ba)
