“20,000 Flights CANCELLED” - Jet Fuel Prices SKYROCKET Forcing Airlines To Cut Routes

Valuetainment

Valuetainment Episodes

Business

4.8 • 1.7K Ratings

🗓️ 23 April 2026

⏱️ 8 minutes

🔗️ Recording | iTunes | RSS

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Summary

Lufthansa cancels 20,000 flights, United Airlines slashes its 2026 forecast, and fuel costs are grounding airlines worldwide. We break down what surging jet fuel prices mean for travelers, airfares, and the global economy.

Transcript

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0:00.0	You mentioned jet fuel, right?
0:02.2	And there's three stories I'm going to read at the same time,
0:04.1	and in time I'm going to come to you.
0:05.0	Number one, Deutsche Luftanzah canceled 20,000 short haul flights to save on jet fuel.
0:12.8	Rob, go ahead and play the clip.
0:14.1	The answer has canceled 20,000 flights between May and October to save on fuel in one of the largest cuts by a global airline.
0:23.0	The cuts will save around 40,000 tons of jet fuel and will amount to 1% of available seat
0:29.5	kilometers. The carrier is trying to boost profitability with a plan to cut 4,000 administrative
0:35.6	jobs by 2030.
0:38.1	Can you imagine like what's going on there?
0:40.2	Now, let me get to the U.S. one.
0:41.2	So you may say, well, Pat, that's, you know, that's Germany.
0:44.3	Why do I care about Germany?
0:45.5	Do you care about United Airlines?
0:47.0	Here's United Airlines for you.
0:48.7	United Airlines slashes 2026 forecasts as fuel cost surge.
0:54.0	Okay, so here's a story for them.
0:56.6	Forecast to adjust $7 to $11 a share.
0:59.6	Let me read this story to you with them.
1:03.1	Here we go.
1:05.9	So United States said it could earn between $7 and $11 a share
1:09.8	on an adjusted basis this year, down from its previous forecast, $12 to $14 a share, released in January more than a month ago.
	...

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