Read previewIt may not feel like it, but there are a lot of cheap flights to be had this summer — and the influx of low-priced, often money-losing economy seats has airlines scrambling.
"The unprofitable capacity is just not sustainable," United Airlines' chief commercial officer Andrew Nocella told investors Thursday.
Low-cost airlines are bearing the brunt of the painDelta CEO Ed Bastian also questioned the long-term financial viability of the business strategy of low-cost carriers during the airline's earnings call last week.
Delta CEO Ed Bastian, pictured onstage at CES in 2019, questioned the long-term viability of money-losing low-cost airlines.
In addition, Alaska Airlines announced this week that it's retrofitting its Boeing 737 fleet to add 1.3 million first-class and premium economy seats annually.
Persons:
—, Andrew Nocella, Scott Kirby, LOGAN CYRUS, Kirby, Nocella, CCO, Ed Bastian, Bastian, Steve Marcus
Organizations:
Service, United Airlines, Business, Bureau of Labor Statistics, Delta, CES, Reuters Southwest Airlines, Frontier, Polaris, Alaska Airlines, Boeing, Alaska Boeing, American Airlines
Locations:
Boeing's, Carolina, Alaska