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Search resuls for: "United Airlines CEO"


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☆ United CEO says business travel has 'plateaued' but revenue is still rising
  + stars: | 2022-12-06 | by ( Leslie Josephs | ) www.cnbc.com   time to read: 1 min
Business travel demand has "plateaued" but revenue continues to rise thanks to strong demand and capacity constraints, United Airlines CEO Scott Kirby told CNBC Tuesday. Major companies, many in tech, have announced plans to cut back on spending, like business travel, or even lay off workers. San Francisco is one of United's major hubs, along with Newark, New Jersey, Houston, Washington D.C. and its home base of Chicago. "It feels like business travel, and this probably is indicative of pre-recessionary kind of behavior, has plateaued even though our total revenues are still going up," Kirby said in an interview with CNBC's "Squawk Box."
☆ Retailers have a new holiday headache — people are spending their money on travel
  + stars: | 2022-11-04 | by ( Melissa Repko Leslie Josephs | Melissa Repko | Leslie Josephs | ) www.cnbc.com   time to read: +3 min
United Airlines CEO Scott Kirby noted that more relaxed office attendance policies are also letting people travel more. The appetite for travel is persisting despite soaring airfares, which have been fueled by a pilot shortage and aircraft delivery delays. Even after Labor Day, when travel normally slows down, "it's just not the case this year, especially for international travel," she said. But if a recession hits, that could jeopardize all consumer spending — and prompt even higher-income Americans to rethink big trips. Tim Quinlan, senior economist at Wells Fargo, expects the holiday season will be the "last hurrah" for consumers.
☆ Hybrid work allows every weekend to be a holiday weekend, says United Airlines CEO
  + stars: | 2022-10-19 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHybrid work allows every weekend to be a holiday weekend, says United Airlines CEOUnited Airlines CEO Scott Kirby joins 'Squawk Box' to discuss what Wall Street didn't appreciate about the strength of United Airlines' business, his vision for bookings and demand in Q4, and more.
☆ United Airlines reports strong numbers in Q3
  + stars: | 2022-10-19 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailUnited Airlines reports strong numbers in Q3CNBC's Phil Lebeau and United Airlines CEO Scott Kirby join 'Squawk on the Street' to discuss changes in travel trends, higher than expected Q4 earnings per share, and increased rate of seat bookings despite limited manufacturer capacity.
☆ This exec helped raise $100 million to fund Latino-owned startups: It's 'a smart economic strategy'
  + stars: | 2022-10-14 | by ( Morgan Smith | ) www.cnbc.com   time to read: +1 min
As the U.S. slides closer to a potential recession, economists and business leaders are racking their brains for ways to improve the country's financial health. For Solomon "Sol" Trujillo, the answer is simple: Invest in Latino-owned businesses. In 2019, Trujillo, 70, founded L'Attitude Ventures, a venture capital (VC) firm that exclusively invests in Latino-owned businesses. Trujillo is a general partner at L'Attitude Ventures alongside former United Airlines CEO and chairman Oscar Munoz, Kennie Blanco, Laura Moreno Lucas and Gary Acosta, who is also a co-founder of the firm. "We want people to see that there are a lot of companies that can create growth and stimulate our country's GDP with the right support."
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