{"id":121983,"date":"2021-04-20T15:02:48","date_gmt":"2021-04-20T15:02:48","guid":{"rendered":"https:\/\/precoinnews.com\/?p=121983"},"modified":"2021-04-20T15:02:48","modified_gmt":"2021-04-20T15:02:48","slug":"united-airlines-shares-slip-as-business-and-international-travel-remain-depressed","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/business\/united-airlines-shares-slip-as-business-and-international-travel-remain-depressed\/","title":{"rendered":"United Airlines&#x27; shares slip as business and international travel remain depressed"},"content":{"rendered":"<ul>\n<li>United posted a $1.4 billion loss for the first quarter, its fifth consecutive quarterly loss.<\/li>\n<li>The airline forecast it could return to profitability even if international and corporate demand recover to 35% below 2019 levels.<\/li>\n<li>United&#x27;s CEO said long-haul international and business travel demand is still 80% below 2019 levels.<\/li>\n<\/ul>\n<p>United Airlines&#x27; shares fell more than 5% Tuesday morning after the carrier reported its fifth consecutive quarterly loss, and its CEO expressed uncertainty about when two key parts of the business would recover from the pandemic.<\/p>\n<p>CEO Scott Kirby said long-haul international and corporate travel demand is down about 80% compared with 2019 levels, depriving the carrier of high-paying customers it relied on before the pandemic.<\/p>\n<p>&quot;The big question is when do those two things come back and we&#x27;re not certain of when that is,&quot; Kirby said an interview with CNBC&#x27;s &quot;Squawk Box.&quot; He said both segments would likely start recovering over the summer and through the second half of the year.<\/p>\n<p>The airline on Monday reported a $1.4 billion loss for the first quarter and said it could reach profitability even if long-haul international and business travel demand gets back to 35% of 2019 levels.<\/p>\n<p>Domestic leisure travel demand in popular vacation destinations like beaches has surpassed 2019 levels, Kirby said.<\/p>\n<p>Vacationers flying within the U.S. have led the recovery in travel as more people get vaccinated, governments loosen travel restrictions and tourist attractions reopen. But companies still haven&#x27;t put many of their employees back on the road and international travel bans or quarantine requirements continue to keep many travelers closer to home.<\/p>\n<p>&quot;I don&#x27;t know how people are finding hotels,&quot; Kirby said.<\/p>\n<p>Source: <a href=\"https:\/\/www.cnbc.com\/2021\/04\/20\/united-airlines-shares-slip-as-business-and-international-travel-remain-depressed.html\" target=\"_blank\" rel=\"noopener\">Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>United posted a $1.4 billion loss for<\/p>\n","protected":false},"author":3,"featured_media":121982,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[23051],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>United Airlines&#x27; shares slip as business and international travel remain depressed - Pre Coin News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/precoinnews.com\/business\/united-airlines-shares-slip-as-business-and-international-travel-remain-depressed\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"United Airlines&#x27; 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