Bloomberg Talks United CEO Scott Kirby Talks Earnings
8 snips
Jul 17, 2025 Scott Kirby, the CEO of United Airlines, shares insights into the airline's robust second-quarter results, highlighting a surge in demand that transformed the business landscape at the end of June. He discusses the varying recovery patterns between business and leisure travel and addresses pricing dynamics driven by changing consumer behavior. Kirby emphasizes a cautious yet optimistic outlook for the airline industry, touching on potential growth opportunities, especially in partnership strategies at major airports like Newark and JFK.
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Sharp Business Travel Rebound
- Business travel demand rebounded sharply at the end of June in 2023.
- This rebound felt like a "light switch" flipping due to improved economic conditions and lowered uncertainty.
Travel Demand Recovery Varies by Segment
- Business travel demand mostly recovered by July, but low-end leisure travel recovered only about half.
- Premium leisure travel remained stable and did not drop during the year.
Firmer Pricing Expected from Supply Cuts
- Lower-end leisure travel faces more seat supply than demand, pressuring prices.
- Industry expects supply cuts from struggling carriers in mid-August, likely firming prices later in 2023.