United Airlines’ shares have tumbled 8.5% after the company reported another big loss. United’s fortunes depends about equally on U.S. leisure travel, business travel, and international flyers. And two of those three — business and international flying — remain deeply depressed, down about 80% from before the pandemic. United CEO Scott Kirby said Tuesday that he expects business travel will begin picking up in the fall and gain more speed next year, after companies put travel back into their budgets. United lost $1.36 billion in the first quarter, and it’s not putting a date on when it thinks it will return to profitability.
