United Airlines is accelerating its sweeping push into premium travel as surging fuel costs driven by the conflict with Iran drive oil prices higher and put downward pressure on profits.The carrier warned oil could remain above $100 a barrel through 2027 and reach as high as $175, a scenario that would increase its annual fuel bill by roughly $11 billion — more than double its best-ever profit, CEO Scott Kirby said.United plans to cut about five percentage points of capacity this year while expanding higher-margin premium seating, betting wealthier travelers and corporate customers will contin...
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