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.”
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.”