United Airlines CEO says US in a 'business recession' but consumers 'strong'

📆 6/5/2023 1:25 PM
📰 Reuters

⏱ Reading Time:
37 sec. here
2 min. at publisher
📊 Quality Score:
News: 18%
Publisher: 97%

United States News News

United States United States Latest News,United States United States Headlines

The United States is in a 'business recession' but the consumer is 'strong', Scott Kirby, chief executive of United Airlines , the world's largest carrier, told reporters at an aviation conference in Istanbul on Monday.

United Airlines CEO Scott Kirby testifies before the Senate Commerce, Science, and Transportation Committee in the Russell Senate Office Building on Capitol Hill, in Washington, U.S., December 15, 2021 Chip Somodevilla/Pool via REUTERS

"Leisure demand is really, really strong. Premium leisure demand is much higher. Business demand hasn't fully recovered yet ... that's taking more time," he said. Kirby, however, said that airlines will not be able to operate the way they did pre-pandemic. Supply chains are getting better but the bar is getting raised as every airline around the world tries to grow, he added.The chief of the world's biggest airline also raised concerns over competing carriers flying over Russia.

Russia has barred U.S. airlines and other foreign carriers from flying over its airspace, in retaliation for Washington banning Russian flights over the U.S. in March 2022 after Moscow sent troops into Ukraine.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

Write Comment

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

American Airlines’ Radical Plan to Reinvent Business TravelAmerican Airlines is shaking up the traditional business of business travel. “It’s kind of like they’re taking a scorched-earth mentality.”
Source: WSJ - 🏆 98. / 63 Read more »