Government travel has ‘fallen off’ since Trump inauguration, United Airlines says

Government travel has ‘fallen off’ since Trump inauguration, United Airlines says


A United Airlines plane takes off from Ronald Reagan Washington National Airport November 23, 2021 in Arlington, Virginia.

Drew Angerer | Getty Images

United Airlines says travel demand has been resilient lately — except from the U.S. government.

Government travel “has fallen off here post-inauguration,” United’s Chief Financial Officer Mike Leskinen said at a Barclays industry conference on Wednesday, referring to the start of President Donald Trump’s term last month.

Trump and his advisor, billionaire Elon Musk, have vowed to cut costs in the government, and thousands of government workers have either been laid off or offered buyouts. Jobless claims have surged in Washington D.C.

The government travel segment is about 2% of United’s revenue, a United spokeswoman said. The airline brought in nearly $52 billion in passenger revenue last year. Leskinen said that other demand is helping make up for the shortfall.

Strong international leisure travel demand continues to outshine domestic demand, Leskinen added.



Source

StandardAero CEO on growing demand, business changes post-Covid
Travel

StandardAero CEO on growing demand, business changes post-Covid

ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email CNBC’s Phil LeBeau chats with StandardAero CEO Russell Ford to discuss why the engine maintenance business has done well, business challenges and much more. Source

Read More
Cebu Pacific COO on rising fuel prices and growth outlook: We will try to control what we can control
Travel

Cebu Pacific COO on rising fuel prices and growth outlook: We will try to control what we can control

ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email Squawk Box Asia Xander Lao, President & COO of Cebu Pacific, shares the airline’s growth outlook and contingency plans to cope with higher fuel prices. 04:53 19 minutes ago Source

Read More
The extraordinary escape of the lone surviving passenger of the Air India crash
Travel

The extraordinary escape of the lone surviving passenger of the Air India crash

The survivor of the Air India Flight 171 crash Thursday revealed he miraculously survived by escaping through a broken emergency exit. There were 242 people on board the Boeing 787-8 Dreamliner, bound for London, that crashed shortly after takeoff in the western Indian city of Ahmedabad, smashing in a fiery blast into a medical college hostel, killing […]

Read More