United Air Sees Sales Stuck Below 50% of 2019 Level Without Vaccine
- CEO Kirby sees speedy rebound when Covid pandemic is overcome
- Carrier predicts lower cash burn, says 6,000 workers to exit
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United Airlines Holdings Inc. warned that sales won’t exceed half of last year’s levels until there’s a vaccine for the new coronavirus.
“Our best guess is demand, as measured by revenue, will recover over time to be down approximately 50% and then plateau at that level until a vaccine is widely distributed,” Chief Commercial Officer Andrew Nocella said Wednesday on an earnings call with analysts.