Large corporate customer bookings remain “weak” compared with leisure demand, United CEO Scott Kirby tells Lebeaucarnews.
United CEO Scott Kirby on Wednesday said the economy feels strong but warned that the airline needs to prepare for potential weakness and economic shocks.
For the second quarter, United expects adjusted earnings per share of $3.50 to $4 and revenues to rise 14% to 16% from last year, on capacity up 18.5% from last year. For the three months ended March 31, United generated $11.43 billion in revenue, essentially in line with analysts' forecasts and up more than 51% from the same period last year. United posted a net loss of $194 million, or a loss 59 cents a share, compared with a loss of $1.4 billion, or a loss $4.24 per share, in the first quarter of last year.
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