united airlines shares jump on upbeat outlook on demand despite delta variant

Sumary of United Airlines shares jump on upbeat outlook on demand despite delta variant:

  • A United Airlines Boeing 737-800 and United Airlines A320 Airbus on seen approach to San Francisco International Airport, San Francisco.
  • Louis Nastro | ReutersShares of United Airlines gained more than 4% on Wednesday morning after the carrier forecast that the rebound in travel demand will continue in the coming months.
  • United’s CEO Scott Kirby told CNBC’s “Squawk Box” on Wednesday that the fast-spreading delta variant of Covid-19 hasn’t affected bookings, echoing similar comments from Delta Air Lines chief executive last week.
  • Kirby said the U.S. should lift an entry ban on most non-U.S. citizens arriving from the U.K. and the European Union, restrictions that have been in place since March 2020.”We’re not going to prevent the delta variant from coming to the United States by closing those borders because it’s already here,” Kirby said.
  • United, and other airlines and travel companies have repeatedly pressed the Biden administration to lift the restrictions, but the peak travel season has passed without any change from the U.S. However, several European countries like Greece, Spain and Italy have reopened their borders to visitors, including from the United States.

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