UBS: U.S. airlines may face a wave of flight cuts in the coming weeks

Jinse Finance April 8th｜UBS released a report stating that the expected growth for both domestic and total capacity in the US aviation industry for the second quarter of this year has been revised downward, and more capacity reductions are expected in the coming weeks. Although current travel demand remains strong, fuel costs have become the second largest expense after labor. Airlines are shifting these costs to consumers by raising ticket prices and various additional fees, which will ultimately be passed on to consumers.