United Airlines CEO attributes lagging corporate recovery to ongoing 'business recession'

United Airlines CEO Scott Kirby, speaking to CAPA TV on the sidelines of the IATA AGM, reported (05-Jun-2023) corporate travel demand remains 20% to 25% lower than previously forecast. Mr Kirby attributed the lagging corporate recovery to an ongoing "business recession" due to worldwide economic pressures, however strong consumer demand is "more than making up for the lack of business travel". Mr Kirby stated premium revenue per available seat mile (RASM) is similar to pre-pandemic levels as the carrier continues to sell "far more premium leisure seats than we ever did before".