UAL Stock Falls 4.5% as United Airlines Warns on Fuel, Cuts More Flights
United Airlines shares dropped 4.46% to $89.95 Friday after warning staff of possible oil prices at $175 a barrel and announcing deeper flight cuts, mainly from Chicago O’Hare. Jet fuel topped $200 a barrel Thursday, while most U.S. carriers do not hedge prices. United expects its annual fuel bill could rise by $11 billion. Delta, American, and Southwest shares also fell.