United Airlines Struggling with Recovery, Says Cowen's Becker

The video discusses the impact of COVID-19 on United Airlines, highlighting the challenges faced due to travel restrictions and the slow recovery. It covers United's cost-cutting measures, including pilot management and liquidity strategies. The use of loyalty programs as collateral for raising capital is examined, with a focus on United's and American Airlines' approaches. The outlook for international travel is analyzed, noting the long-term effects of the pandemic on global travel and the measures taken by governments to control the virus.

What was one of the main reasons for the slow recovery of United Airlines?

• Lack of cargo revenue

• High fuel costs

• Emerging cases in the southern US

• Pilot shortages

What strategy did United Airlines use to manage their cash flow during the pandemic?

• Reducing cargo operations

• Offering voluntary leaves and early retirement

• Increasing ticket prices

• Expanding international routes

How did United Airlines use their loyalty program to raise capital?

• By partnering with other airlines

• By selling loyalty points directly to customers

• By using it as collateral for debt issuance

• By offering discounts to frequent flyers

What is the expected timeline for international travel to return to 2019 levels?

• 10 years

• 5 years

• 3 years

• 1 year

Which region is mentioned as having travel bubbles to allow limited travel?

• Europe

• North America

• Asia

• Australia and New Zealand

What percentage of travelers in the US were business and international travelers before the pandemic?

• 70%

• 60%

• 50%

• 30%

What is one of the reasons for the limited ability to increase passenger numbers in the US?

• Government-imposed travel restrictions

• High ticket prices

• Lack of aircraft

• Pilot strikes