United Airlines slashes 2026 profit outlook on fuel prices, but travelers keep booking despite higher fares
United Airlines cut its profit outlook for the year as fuel prices continued to climb.
United Airlines CEO Scott Kirby earned a staggering $32.3 million last year - more than 300 times the compensation of his company's median employee. The wealthy business leader has called for a national wealth tax and an inheritance tax that could potentially reach 100%. Kirby believes that such measures are necessary to address the growing wealth inequality in America.
He stated, "Wealth inequality has become a danger to our society, and we need to address that." Kirby's own compensation, which included a $1.2 million base salary and $22.6 million in stock awards, illustrates the stark economic divide between executives and their employees. In Dallas, where Kirby resides, a part-time airport customer service representative earns around $19.64 per hour, making it take roughly 790 years to match Kirby's 2025 compensation under no raises or bonuses.
Kirby's proposal aligns him with other high-profile business leaders like Bill Gates and Salesforce CEO Marc Benioff, who have also advocated for higher taxes on the wealthy. However, his comments have faced criticism, such as a comment from Louisiana Governor Jeff Landry suggesting Kirby could simply pay into a public fund to address his concerns. The proposed tax thresholds and rates have not been specified by Kirby.
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- United Airlines CEO—who made $32 million last year—calls for a national wealth tax and a near-100% inheritance tax: ‘I would pay them’ fortune.com
- United Airlines is cutting its 2026 profit forecast as it expects fuel at $4.80 a gallon qz.com
- United Airlines slashes 2026 profit outlook on fuel prices, but travelers keep booking despite higher fares cnbc.com