Scott Kirby

But really, we've seen improvement, you know, as we've moved through the third quarter, kind of across the board on revenue streams with the biggest strength in the corporate segment.

Well, our business is about 80% U.S.

point of sale, but we have and we saw a drop in international traffic earlier in the year.

It's not quite back to last year's levels, but it has recovered and it's close to last year's level.

So we did see a dip, but even that has come back and we think that's on the trend to getting back to normal pretty soon.

Well, we've been growing in absolute growth, actually faster, I think, than any airline in the world has ever grown for several years in a row.

And that's worked really well for United, and that's been successful.

So we really haven't much changed our capacity.

We tweak it here and there.

The biggest change we're going to make for next year, I think, is actually to reshape the seasonality of the year.

One of the things that's happened that's good for our business is this third quarter peak has extended into the fourth quarter.

And it's made the fourth quarter actually a better quarter from a margin perspective than the third quarter.

And

What we think is, as that particular international demand has extended to the fourth quarter, there's an opportunity for us to actually fly less in the peak in the third quarter, which will be good for our RASM.

But it turns out it's going to actually be good for our cost structure, too, because we have to build staffing and infrastructure, everything up to that peak for six weeks of the peak summer.

And so next year, we're going to actually try to reshape our schedule some to lower the peak and let the demand spread across more of the year.

You know, this year, prices have come down, as we talked about, just, you know, as there was macro volatility, at least for aviation.

I do expect them to normalize next year.

And I think just over time that you should expect to see airfares grow consistent with inflation is likely what's going to happen over time.

Yeah.