Notably, as the coronavirus resurgence has spread across the US, United said it was now clear that the airline industry's recovery will be a slow and protracted one, with many fits and starts.
United "does not expect the recovery from COVID-19 to follow a linear path, as illustrated by recent booking and demand trends," the airline wrote in a filing with the SEC on Tuesday. "[C]onsolidated capacity through the end of 2020 is expected to be generally consistent with August 2020," the filing continued, indicating that the airline does not expect a material improvement in demand until at least 2021.
As air-travel demand has slowly picked up from lows reached in April, airlines have said most of the demand is coming from leisure and "VFR" travelers — those visiting friends and relatives — as states lift lockdowns and Americans seek to shake off the cabin fever built up after months in quarantine.
Corporate travel, which yields higher margins for airlines than leisure, has not begun to meaningfully return.Do you have a personal experience with the coronavirus you'd like to share? Or a tip on how your town or community is handling the pandemic? Please emailfrom Business Insider Intelligence on how COVID-19 is affecting industries.Get your weekly recap of all things electric vehicles, airlines, and more. Sign up for our Shifting Gears newsletter now.
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