United Airlines CEO Scott Kirby Expresses Confidence in Economic Strength
United Airlines CEO Scott Kirby stated that the economy is 'much stronger' than many believe, citing strong demand for international routes and robust bookings. The airline raised airfares to offset increased jet fuel costs, but lowered its full-year earnings outlook due to higher expenses. The comments come after United reported better-than-expected first-quarter results.
Tickers: $UAL
Topics: airfares airline industry earnings outlook economy fuel costs