United Airlines warns fares could jump 20% as oil surges in Iran war

United Airlines’ top executive warned ticket prices could jump as much as 20% if oil stays elevated amid the Iran war.United CEO Scott Kirby told Bloomberg TV on Tuesday that the airline expects consumer backlash and reduced travel demand if ticket prices rise.“There will be less demand. There’ll be fewer people traveling as prices go up,” Kirby told Bloomberg TV on Tuesday. 3 United CEO Scott Kirby said higher oil prices could force ticket hikes. AFP via Getty Images“When airfares have to go up because o ...