Keep pulling the thread on Scott Kirby.
United Airlines beat earnings expectations in its most recent quarter but also cut its future guidance.
United Airlines provided full-year guidance indicating it will be solidly profitable despite fuel prices having doubled.
Foreign-flagged airlines operate 65% of the long-haul seats into the United States, creating a trade deficit for U.S. aviation.
United Airlines has gained approximately 20 percentage points of market share in three of its major hubs over the last year.
In real terms, current airfares are 27% below their 2019 pre-COVID levels.
Foreign nationals account for only 40% of customers on long-haul flights into the United States.
United Airlines is currently holding triple the amount of cash on its balance sheet compared to pre-COVID levels.
United Airlines has achieved its best credit rating in over 30 years and is committed to reaching an investment-grade balance sheet.
United Airlines is primarily focused on acquiring assets that can grow its international network.
Airlines need to increase airfares by 15% to 20% to fully recover the costs from recent increases in fuel prices.
Consumer demand for air travel has remained stronger and shown less price elasticity than United Airlines expected in the face of rising fares.
United Airlines plans to trim marginal flying capacity, such as on Tuesdays, Wednesdays, Saturdays, and red-eye flights, in the second half of the year.