CHICAGO—United Airlines Holdings Inc. on Wednesday said macroeconomic risks have increased following turmoil in the banking industry last month that led to a sharp, brief drop in business travel demand.
CEO Scott Kirby said while the company “feels good” about its full-year profit outlook, it stands ready to act if the economy softens further.
United expects to return to profit in the second quarter and has forecast a four-fold jump in profit this year.
The Chicago-based carrier said it saw an eight percentage point drop in business travel demand compared to 2019 in the immediate aftermath of Silicon Valley Bank’s failure….