United Airlines CEO Says Travel Won’t Fully Recover Until 2023 As Business Demand Slashes



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Travel is not expected to fully recover from the challenges posed by the coronavirus pandemic until 2023, as demand from businesses continues to slow, United Airlines CEO Scott Kirby said on Sunday.

Kirby addressed the state of travel on CBS’s “Face the Nation,” saying that while pent-up leisure demand has exceeded 100 percent, business demand is still down about 60 percent as some borders in the world remain closed.

UNITED AIRLINES PREPARES WINTER TRIP AND ADD FLIGHTS TO WARM WEATHER DESTINATIONS

“We don’t think [travel] really fully recovers until 2023, ”Kirby said. “Next summer will probably be the biggest year in European history. And Asia is probably still 18 to 24 months away. “

The executive said that while travel is not yet back to 100%, it is certainly going in the right direction.

“We see a huge desire for people to go out, to find their friends and family, to connect with the world,” Kirby said.

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The airline said on Friday it would add nearly 150 new daily flights to warm-weather destinations in the United States, Mexico, the Caribbean and Central America this winter in anticipation of a continued resurgence in demand. of travel.

Last month, United ordered 270 Boeing and Airbus, the airline’s largest ever order, and announced that it plans to hire around 25,000 new employees by 2026 and modernize its fleet for better flight experience for passengers, FOX Business previously reported.

Ann Schmidt of FOX Business contributed to this report.

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