United Airlines Planning For ‘Zero Net Demand’ To Continue Into 2021 While Hoping It Doesn’t [Forbes]
United Airlines Holdings, Inc. (UAL)
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Source: Forbes
Declaring that “hope is not a strategy,” the incoming CEO of United Airlines said today he’s planning for consumer demand for travel through the end of this year into 2021 to remain at “net zero.”United President Scott Kirby, who at the end of this month will replace the retiring Oscar Munoz as CEO, said “it is naïve to believe that we, or anyone can predict” how soon demand for air travel will begin to pick up again. Therefore, while hoping for a recovery to begin in the shorter term the Chicago-based carrier is planning for a much worse case scenario. “We are expecting to continue to see zero net demand for the rest of this year, and perhaps into 2021. We’re not predicting that. But we are planning for that.”United Airlines CEO Oscar Munoz (L) and President Scott Kirby. Retiring United Airlines CEO Oscar... [+]Munoz (L) and President Scott Kirby, who will replace Munoz late this month, pictured at a House hearing in Washington, D.C. in 2017. (Chip Somodevilla/Getty Images)GETTY IMAG
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News
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- American Airlines Has Denied Rumors of a Merger With United. Here Are 2 Others Factors Dragging Down the Stock Right Now. [Globe and Mail, The (Toronto, Canada)]Globe and Mail, The
- Trump says he wants 'somebody' to buy Spirit Airlines, opposes United-American merger [FOX Business Network]FOX Business Network
UAL
Earnings
- 1/20/26 - Beat
UAL
Sec Filings
- 4/21/26 - Form 8-K
- 4/7/26 - Form ARS
- 4/7/26 - Form DEFA14A
- UAL's page on the SEC website