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United CEO says travel demand unlikely to recover until vaccine is widely distributed


perugu_vada

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The CEO of United Airlines said on Sunday that a recovery for the aviation industry will have to wait until a Covid-19 vaccine  is approved and widely available, a milestone he said the company projects the country will reach toward the end of 2021. 

Kirby said that barring new federal legislation, United will be forced to lay off 16,000 workers as soon as next month, after the existing funds that were allocated in March dry up. He said that the company continues to burn through $25 million per day amid a decline in revenue of 85%.

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