United Airlines CEO Scott Kirby: Not expecting oil prices to be as high as we'd feared
CNBC's Phil LeBeau and United Airlines CEO Scott Kirby join 'Squawk Box' to discuss the company's quarterly earnings results, ...
Chief Executive Officer & Director, United Airlines Holdings
Search every verified J. Kirby interview, podcast appearance, and on-the-record quote — each transcript cross-checked by AI and human review to confirm speaker identity. United Airlines CEO Scott Kirby said in July 2026 that the company had navigated a $6 billion increase in fuel costs compared to its expectations at the start of the year, and that the airline was raising its guidance and had "a shot at growing earnings on a year over year basis." He described travel demand as "incredibly strong" and said the company had implemented multiple fare increases, with another occurring that week. Kirby stated that airfares in real terms remained about 13% below pre-COVID levels, and that the airline's overall cost base—including airport fees, maintenance, and labor—had risen more than fuel prices. He attributed the company's performance to the "United Next" strategy and the work of United's employees. Kirby also discussed industry challenges, including engine supply constraints that he said would hold back aircraft deliveries for at least five years. He said United had ordered excess aircraft in anticipation of such problems. On the topic of a potential merger with American Airlines, Kirby said he believed it would be "great for customers" and would help build "the best airline in history," but acknowledged that the idea had generated a strong reaction and that such a deal would require a willing partner. He also expressed interest in expanding United's international network, noting that international routes had performed well for the airline.
“I was worried or at least concerned that the conflict backed all the way to mid-March, that the conflict in Iran was was had a reasonable probability that it would last longer and that we'd continue this, that the Straits of Hormuz would not be sustainably and reliably opened. And that's turned out to be the case. And...”
“The reason airfares are going up in the airline industry is really because all of our costs have gone up and it's really a recovery from the deep trough that we hit in COVID. And, you know, while people talk about about oil prices, the reality is that airport fees and maintenance expenses and labor, all of those have g...”
“Fuel prices are up $6 billion compared to what we thought at the start of the year. And that compares to the best year in history where we made a little under 5 billion. And the fact that we're sitting here today raising guidance and talking about at least having a shot at growing earnings on a year-over-year basis is...”
“Airfares are down 13% from in real terms from pre-COVID. So, a short answer is yes. And in fact, there's been another fare increase this week.”
“Fuel prices are up $6 billion compared to what we thought at the start of the year. And that compares to the best year in history where we made a little under 5 billion. And the fact that we're sitting here today raising guidance and talking about at least having a shot at growing earnings on a year-over-year basis is...”
“Airfares are down 13% from in real terms from pre-COVID. So, a short answer is yes. And in fact, there's been another fare increase this week. There were five or six when oil prices first spiked and then when oil came down they sort of paused but there was another one this week. Demand is strong, the consumer is strong...”
“When the industry was impacted by Covid, United invested for growth and emerged stronger. Even as corporate boards began confronting deglobalization, Kirby leaned into international expansion. And now, as many leaders view AI as a way to cut headcount, Kirby sees technology as a way to improve human interactions, not r...”
“I think all prices are going to be higher for longer. We at United are preparing for that. That's our base case planning assumption. I think there may be opportunity to take advantage of it when our competitors are managing more by hope instead of reality.”
“THIS WOULD BE A GREAT OPPORTUNITY TO BUILD A BIGGER AIRLINE THAT HAS WONDERFUL CUSTOMER SERVICE, THAT PEOPLE FLY BECAUSE THEY LOVE THE TECHNOLOGY, THE SERVICE, THE RELIABILITY, THE PRODUCT ON BOARD THE AIRPLANE. INSTEAD OF TREATING AIR TRAVEL LIKE A COMMODITY. SO IT WOULD BE GREAT FOR CUSTOMERS AND BUILDING A GREAT THE...”
“I'VE REALIZED THIS WAS GOING TO BE A PROBLEM YEARS AGO. SO WE'VE DONE. SO IT'S NOT THAT GRIM TO US. ONE, WE GOT AHEAD OF IT. WE ORDERED MORE. WE ORDERED EXCESS BECAUSE WE THOUGHT THERE WOULD BE CHALLENGES. SO WE'RE MANAGING IT PRETTY WELL RIGHT NOW. I DO THINK THOUGH THAT THIS IS GOING TO HOLD SUPPLY BACK AND AIRCRAFT...”
“I HAVE ACTUALLY EXPECTED A LITTLE BIT MORE IMPACT OF PRICE ELASTICITY AS FARES HAVE GONE UP. BUT WE REALLY HAVEN'T SEEN AS I THINK THROUGH IT. I THINK IT'S A LOT OF IT IS BECAUSE AIR TRAVEL HAS BECOME SO INEXPENSIVE AS A PART OF THE JOURNEY. AND WHILE AIRFARES HAVE GONE UP 20% THIS YEAR, THEY'RE STILL ABOUT 10% IN REAL...”
“I think they're gonna constrain supply around the globe for probably the next decade. There's not enough engine capacity. There's something like 900 aircraft around the globe that are grounded right now that should be flying because they don't have engines that can fly.”
“I've thought for really since mid March that oil was gonna be higher for longer. I continue to think that at some point, I'll be wrong. It'll go down. But it's just hard for me to see any kind of outcome that the straits get reliably and sustainably open. So I think this kind of 90 to $110 a barrel, you know, what do I...”
“United and Delta and Southwest, by the way, are all three gonna be solidly profitable this year. My guess is at all 90 to a 110, like, everyone else is losing money, some a lot of money. That means there's a big chunk of those route networks. You know, if you're losing money overall, there's a big chunk that's losing a...”
“I think they're gonna constrain supply around the globe for probably the next decade. There's not enough engine capacity. There's something like 900 aircraft around the globe that are grounded right now that should be flying because they don't have engines that can fly. And it's a real it's not an easy problem to fix,...”
CNBC's Phil LeBeau and United Airlines CEO Scott Kirby join 'Squawk Box' to discuss the company's quarterly earnings results, ...
United Airlines shares fall as much as 2.3% in premarket trading on Thursday after the airline reported second-quarter earnings. The midpoint of its updated full-year adjusted EPS forecast trailed the average analyst estimate. Speaking on Bloomberg Surveillance, CEO Scott Kirby says more fare increases are possible. See omnystudio.com/listener (https://omnystudio.com/listener) for privacy information. Bloomberg Talks curates top interviews from around Bloomberg News. Hear conversations with the biggest names in finance, politics and entertainment. On Bloomberg Talks, we round up interviews w…
United Airlines operates at the center of a complex global network—where every decision is shaped by constant change.
I certainly wasn't trying to poke an anthill. I was trying to do something great for customers and for our employees, really for ...
At The International Air Transport Association in Rio De Janeiro, United Airlines CEO Scott Kirby discussed with Co-host of Bloomberg Surveillance Lisa Abramowicz the current challenges facing the airline industry including rising fuel costs and their impact on ticket pricing. -------- More on Bloomberg Television and Markets Like this video? Subscribe and turn on notifications so you don't miss any videos from Bloomberg Markets & Finance: https://tinyurl.com/ysu5b8a9 Visit http://www.bloomberg.com for business news & analysis, up-to-the-minute market data, features, profiles and more.…
At The International Air Transport Association in Rio De Janeiro, United Airlines CEO Scott Kirby discussed with Co-host of Bloomberg Surveillance Lisa Abramowicz the current challenges facing the airline industry including rising fuel costs and their impact on ticket pricing. -------- Watch Bloomberg Radio LIVE on YouTube Weekdays 7am-6pm ET Saturday & Sunday 7am-10am ET WATCH HERE: http://bit.ly/3vTiACF Follow us on X: / bloombergradio Subscribe to our Podcasts: Bloomberg Daybreak: http://bit.ly/3DWYoAN Bloomberg Surveillance: http://bit.ly/3OPtReI Bloomberg Intelligence…
United CEO Scott Kirby sat down with Dean Charles Whitaker to explore why the best CEOs are also master storytellers - and what that means for the next generation of leaders in business, journalism and communications.
United Airlines CEO Scott Kirby discusses his company’s latest financial report and responds to President Trump’s comments on a potential United-American merger. Plus, an executive order on medical treatments for serious mental health issues bumped psychedelics stocks higher. Psychedelics investor and founder Christian Angermayer explains the industry’s opportunity for mental health–and for investors. In this episode: Christian Angermayer, @C_Angermayer Dan Murphy, @dan_murphy Phil LeBeau, @Lebeaucarnews Becky Quick, @BeckyQuick Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Katie…
In this episode of Brilliant Moves: Coffee with CEOs, McKinsey Global Managing Partner Bob Sternfels sits down with United Airlines CEO Scott Kirby to discuss resetting culture after COVID-19, earning trust through radical transparency, and combining legacy scale with start-up energy. From hiring for attitude to making time for foresight, Kirby shares the habits and convictions shaping United’s next decade—and why leadership starts with accountability. https://www.mckinsey.com/industries/t... Subscribe to our channel: http://mck.co/YouTube Subscribe to our newsletters: http://mck.co/Subscribe…
Scott Kirby, CEO of United Airlines, addresses the significant uncertainties currently facing the airline industry. Speaking with Lisa Abramowicz on "Bloomberg Open Interest," Kirby says demand has been strong and comments on the frustrations surrounding long TSA lines and the impact of rising oil prices on fares. See omnystudio.com/listener (https://omnystudio.com/listener) for privacy information. Bloomberg Talks curates top interviews from around Bloomberg News. Hear conversations with the biggest names in finance, politics and entertainment. On Bloomberg Talks, we round up interviews wit…
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