United CEO Warns Shutdown Could Hurt Bookings And Broader U.S. Economy

Benzinga

United CEO Scott Kirby warned the ongoing government shutdown could soon impact bookings and consumer confidence. The FAA reported worsening controller shortages, while Delta’s Ed Bastian said operations remain stable for now.

Transcript

00:00It's Benzinga bringing Wall Street to Main Street.

00:02You know, an airline CEO, Scott Kirby, said Thursday the ongoing federal government shutdown

00:06could begin to hurt its bookings if it continues, according to CNBC.

00:10In earnings call on Thursday, Kirby said the government shutdown has not yet affected the

00:13airline's business, but warned that prolonged uncertainty could hurt consumer confidence

00:17and bookings. He added that each passing day increases risks to the U.S. economy

00:21and urge leaders to avoid an unforced error. Delta CEO Ed Bastian warned that a prolonged

00:26government shutdown could impact air travel, said the airline's operations remain unaffected.

00:31The FAA said the shutdown is worsening staffing shortages among air traffic controllers,

00:36causing flight disruptions in Nashville and Burbank.

00:38For all things money, visit Benzinga.com.

Category

Transcript

Be the first to comment

Recommended