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United Airlines (UAL) stock price dropped over 4%, to $91.27, after CEO Scott Kirby warned that soaring airline fuel prices will have a "significant" impact on first-quarter performance. Due to tensions in the Middle East, fuel costs have surged 58%, reaching $3.95 per gallon. Kirby noted that the airline has not hedged against fuel risk, so consumers may face higher ticket prices. TD Cowen currently expects United Airlines' adjusted earnings per share for the first quarter to be only between $0.05 and $0.22, well below the previous forecast of $1.00 to $1.50.