United Airlines CEO Scott Kirby slams the budget airline model: 'It's dead'

1. CEO Scott Kirby declared the budget airline model as 'dead'. 2. United partners with JetBlue to enhance its flight capabilities by 2027. 3. Kirby emphasized focusing on frequent flyers in strategic markets. 4. United plans a 4% cut in domestic capacity due to demand issues. 5. The macro environment remains unpredictable for airlines this year.