/ Source: Reuters
The head of United Airlines parent company on Wednesday said high jet fuel prices are keeping the bankrupt airline from reaching profitability, and it has moved to match a fare hike by rival carrier Continental Airlines to offset those costs.
Speaking at an event in New York, UAL Corp. Chief Executive Glenn Tilton said: "If not for fuel prices, I'd be able to say we'd be profitable this quarter."
Tilton said United was matching fare hikes unveiled Tuesday by Continental that add $10 each way to flights up to 1,000 miles and $20 each way to flights of 1,000 miles and longer.
