Better Matching Supply with Demand
There is no shortage of people wanting to go to Europe, but there is a shortage of politicians and regulators willing to actually open the borders to travelers from the US. The UK is far ahead in terms of vaccinations and has a greater political will to open borders than most, so United can consolidate its presence in London while still providing connections to other cities with lower, less-expensive capacity.
United CEO Scott Kirby confirmed this thinking. “Everybody knows that we’ve been incredibly bearish on air travel during COVID since the very beginning of this pandemic, and that hasn’t changed. I’m not expecting a recovery and open borders in the European Union for a long time, if ever. They might just shut that place down for good. We crunched the numbers over and over again, and this is the right way forward.”
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