U.S. airlines on Tuesday tried to reassure investors about the strength of travel demand, a day after United Airlines stoked worries about the industry's pricing power.
CEO Ed Bastian said in the past 30 days, the airline has recorded 10 highest sales days in its history.
Airline ticket prices have gone up due to persistent capacity constraints and an unending thirst for travel after pandemic-related restrictions ended. That has helped carriers mitigate cost pressures. United shares were down 6% at $45.82 in afternoon trade. Shares of Delta and American Airlines were down 0.8% and 1.6%, respectively.
Kirby also reaffirmed United's full-year outlook, though he acknowledged that the revision to quarterly guidance put a question mark on the credibility of the company's outlook for the rest of the year.
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