Alaska Air CEO Says Silicon Valley Business Travel Has Dried Up
- Bookings may recover in late 2023 or 2024, Minicucci says
- Tech firms have announced major job cuts to reduce costs
Ben Minicucci
Photographer: Valerie Plesch/BloombergThis article is for subscribers only.
The head of Alaska Airlines says Silicon Valley technology companies have “turned off” their business travel, and it could be as much as another year before they start booking trips again.
“These are the biggest tech companies in the world, and we do have some optimism that they’ll start opening the valve sometime — hopefully in the back half of 2023 or into ’24,” Alaska Air Group Inc. Chief Executive Officer Ben Minicucci said in an interview.