Kirby said the carrier isn't seeing a recession in its data but forecast a 'mild recession induced by the Fed.'
"It feels like business travel, and this probably is indicative of pre-recessionary kind of behavior, has plateaued even though our total revenues are still going up," Kirby said in an interview with CNBC's "Kirby said the carrier isn't seeing a recession in its data but forecast a "mild recession induced by the Fed."
"If I didn't watch CNBC in the morning ... the word 'recession' wouldn't be in my vocabulary, just looking at our data," he said.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Treasury yields mixed after jumping on strong U.S. dataBetter-than-expected jobs and services reports raise concerns Fed will raise rates for longer
Weiterlesen »
EUR/USD Forex Signal: Stellar US Data Point to Higher Fed HiThe EUR/USD price retreated as concerns about the pace of Fed\u2019s rate hikes continued.
Weiterlesen »
Wall St falls after strong service-sector data feeds hawkish Fed fearsThe data added to jitters that the Fed might continue on its aggressive policy tightening path.
Weiterlesen »
Make-ahead enchiladas, no-boil lasagna and more recipes to make this weekFrom make-ahead chicken enchiladas to a fuss-free lasagna, cozying up to a warm meal at the end of the day has never been easier.
Weiterlesen »
Wall St sinks as strong services data causes jitters over Fed directionMain U.S. indexes dropped as investors fretted that better-than-expected service-sector activity could point to Fed hiking interest rates for longer.
Weiterlesen »
Slack CEO Stewart Butterfield is leaving in JanuaryButterfield’s announcement comes after Salesforce CEO Bret Taylor also announced he’s leaving
Weiterlesen »