More Kirby

During the company’s third-quarter earnings call, CEO Scott Kirby said, “We also expect ... the domestic market is going to see a shakeout that leads to an improvement in [United’s] margins over the medium to long term. It’s impossible to call the timing exactly. But I guess that we’ll see meaningful industry changes about 2H ‘24.” The scenario he describes entails one or more low-cost airlines failing as industrywide cost growth brings their unit costs closer to those of the full-service airlines.

https://stocks.apple.com/AunqTdSE7SWKUMzbdppvwiA