#travel-demand

#travel-demand

Travel demand has soared back in the second half of the year, and that's good news for the economy at large, too, according to United Airlines' CEO. Scott Kirby told CNBC's "Squawk Box" on Tuesday that demand significantly improved at the beginning of July. "It was like a light switch coming on," he added. The summer travel period is key for airlines, while Labor Day and Thanksgiving are also significant revenue drivers.

"Gross bookings and revenue are now expected to grow 2% to 4% in 2025, down from the previously projected 4% to 6% growth in February."

Air France-KLM reported a significant loss of €249 million in Q1 2024, improving from over €500 million last year, attributed to rising travel demand.