Gerstner cites recent Delta and United warnings about softening consumer demand as grabbing Fed attention.
“But when they hear Delta Airlines warn this week that they're seeing, you know, a softening of consumer demand, when they see United Airlines, Scott Kirby, you know, say the same things.”
Gerstner cites United Airlines government ticket sales down 50% year-to-date as indicator of spending cuts' cascade effects.
“I heard a stat the other day that United Airlines ticket sales to the government this year are down 50% year to date, five zero.”