United Airlines Warns Of Macro Risks

  • United Airlines Holdings Inc on Wednesday said macroeconomic risks have increased following turmoil in the banking industry last month that led to a sharp, brief drop in business travel demand.
  • CEO Scott Kirby said while the company “feels good” about its full-year profit outlook, it stands ready to act if the economy softens further.
  • United expects to return to profit in the second quarter and has forecast a four-fold jump in profit this year.