United cuts outlook on fuel costs; CEO faces backlash over wealth-tax call

· Politics · United States

United Airlines cut its 2026 profit outlook as fuel prices continued to climb, forecasting weaker-than-expected earnings for the final three months of the year despite resilient demand and higher fares. CEO Scott Kirby is facing a rightwing backlash after saying wealth inequality is a 'danger to society' and calling for a national wealth and inheritance tax. Ryanair's chief executive separately predicted European air fares could rise as much as 20% in 2027 as the Middle East conflict pushes jet fuel costs higher. Malaysia's Finance Ministry said there is no commitment to fund AirAsia, which reported losses blamed on jet fuel.

Why it matters：Rising jet fuel costs are squeezing airlines worldwide, feeding through to fares and route decisions for travelers.

Key points

  • United cut its 2026 profit outlook
  • Ryanair sees European fares up to 20% higher in 2027
  • Kirby's wealth-tax comments drew conservative criticism

Sources (original reporting)

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