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United Airlines shares rise with bright on-demand outlook, despite Delta Variant

United Airlines Boeing 737-800 and United Airlines A320 Airbus with an approach to San Francisco International Airport.

Luinastro | Reuters

Share United Airlines It increased by more than 2% on Wednesday morning after carriers predicted that travel demand would continue to recover in the coming months.

United 6th consecutive quarter of loss After the market closed on Tuesday. However, airline losses are shrinking, and airlines said bookings continue to improve, even in hit segments such as business trips and international long-haul travel.

United CEO Scott Kirby told CNBC’s Squawk Box on Wednesday that Covid-19’s rapidly growing delta variant hasn’t affected bookings. Similar comments From Delta’s CEO last week.

The spread of varieties, however, can cause a temporary “pull back” when the economy resumes, which will be a temporary “if it happens,” Kirby said in a statement. ..

Mr Kirby told CNBC that the United States should lift the immigration ban on most non-US citizens arriving from the United Kingdom and the European Union. This is a restriction that has been in force since March 2020.

“Because it’s already here, we’re not going to prevent delta variants from coming to the United States by closing these borders,” Kirby said.

United and other airlines and travel agencies Pressed repeatedly The Biden administration has lifted regulations, but the peak travel season has passed without any change from the United States. However, some European countries, such as Greece, Spain and Italy, have reopened their borders with visitors, including the United States.

Mr Kirby said the ban has a “human component.” “I have a family that I haven’t seen in 18 months,” he said.

A White House spokesman told CNBC that government officials from the United States, the United Kingdom, the EU, Mexico and Canada are continuing to meet on how to resume their trip, but said they are approaching a decision. There wasn’t.

On Monday, the Department of State and the Centers for Disease Control and Prevention Issued a warning It’s one of the best trips in the UK, telling citizens to avoid traveling there.

Stock prices of other airlines also rose on Wednesday, Rapid drop Monday.

American Airlines And Southwest AirlinesReporting quarterly results before the market opens on Thursday, each increased by about 2%. Delta also increased by about 2%.

United Airlines shares rise with bright on-demand outlook, despite Delta Variant

Source link United Airlines shares rise with bright on-demand outlook, despite Delta Variant

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