United fell victim to the same forces that have beset much of the U.S. airline and travel industry in recent weeks, amid President Donald Trump's trade war: plummeting demand from would-be customers abroad — particularly in Canada and Europe — along with growing concern from U.S. consumers and a steep drop-off in government travel. It's worth noting that's a slightly different take than the one offered this week by the chief executive of one of the nation's top budget airlines, who claimed souring economic conditions could be good for the low-cost airline industry. Another sign consumers haven't entirely thrown in the towel on big purchases: Spending on United's portfolio of cobranded credit cards during the first three months of the year was up 9% versus last year, the airline reported.
Author: Sean Cudahy
Published at: 2025-04-16 22:10:28
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