United Airlines shares rise on upbeat demand forecast despite delta variant

united airlines shares rise on upbeat demand forecast despite delta variant

Sumary of United Airlines shares rise on upbeat demand forecast despite delta variant:

  • 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 told CNBC that 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.
  • A White House spokesman told CNBC that government officials from the U.S., U.K., EU, Mexico and Canada are continuing to meet on how to reopen travel but didn’t say if authorities are close to a decision.

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