United Airlines CEO warns an extended shutdown will hurt bookings

United Airlines CEO warns an extended shutdown will hurt bookings


CEO of United Airline Scott Kirby speaks during the Semafor 2025 World Economy Summit at Conrad Washington on April 24, 2025 in Washington, DC.

Alex Wong | Getty Images

United Airlines CEO Scott Kirby said the federal government shutdown could hurt bookings if it continues.

Despite the funding impasse, essential federal employees including Transportation Security Administration officers and air traffic controllers are required to work without pay. The shutdown started Oct. 1 as Congress failed to pass a funding bill.

Speaking on an earnings call on Thursday, Kirby said the shutdown so far hasn’t impacted the carrier’s business.

“I think that at least for the first couple of weeks, people thought it was going to get resolved, so they just kind of continued business as usual,” he said. “But as time goes on, as people read headlines and say, ‘it’s not going to get resolved soon.’ People start to lose confidence in the government and the government’s ability to resolve this. And that’s going to start to impact bookings.”

Kirby said there isn’t an exact cutoff for when the airline could start to see an impact, but added “every day that goes by, the risk to the U.S. economy grows. So I hope we will avoid an unforced error here.”

Read more CNBC airline news

Delta Air Lines CEO Ed Bastian last week made a similar warning about how a prolonged shutdown could affect air travel but emphasized that the airline’s operation hadn’t been affected.

The shutdown has raised concerns about already thin-staffing among air traffic controllers, the Federal Aviation Administration said. Insufficient staffing at some FAA facilities last week disrupted flights at airports, including in Nashville, Tennessee, and Burbank, California.

Members of the union that represents U.S. air traffic controllers handed out leaflets outside of LaGuardia Airport in New York, as well as in Washington, D.C., and Chicago on Tuesday to urge the public to ask lawmakers to end the shutdown.

A more-than-monthlong shutdown starting in late 2018 ended hours after a shortage of air traffic controllers snarled air travel in the New York area.



Source

CarMax stock falls more than 10% as CEO steps down, releases new outlook
Business

CarMax stock falls more than 10% as CEO steps down, releases new outlook

A CarMax dealership in Santa Rosa, California, on April 11, 2023. Justin Sullivan | Getty Images DETROIT – Shares of CarMax Inc. fell more than 10% during premarket trading Thursday after the used car retailer announced a weak preliminary outlook for its current fiscal quarter and said CEO Bill Nash would be unexpectedly stepping down. […]

Read More
Family offices make fewer deals but still flock to AI startup mega-rounds
Business

Family offices make fewer deals but still flock to AI startup mega-rounds

Gemini Co-founders Tyler Winklevoss and Cameron Winklevoss attend the company’s IPO at the Nasdaq MarketSite in New York City, U.S., Sept. 12, 2025. Jeenah Moon | Reuters A version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, […]

Read More
E.l.f. Beauty stock plunges 29% on weak guidance, tariff impact
Business

E.l.f. Beauty stock plunges 29% on weak guidance, tariff impact

Hailey Bieber’s cosmetics line Rhode is expected to increase E.l.f. Beauty‘s annual sales by $200 million this fiscal year, but its new parent company’s full-year guidance still fell below expectations, leading its stock to plunge 29% Wednesday. E.l.f., which declined to release full-year guidance last quarter, is expecting full-year revenue to be between $1.55 billion […]

Read More