Bloomberg This Weekend | Aviation Executives Live From Rio, Screwworm Cases in Texas

Watch on YouTube ↗  |  June 07, 2026 at 17:22  |  2:36:55  |  Bloomberg Markets
Speakers
Scott Kirby — CEO, United Airlines
Larry Culp — CEO, GE Aerospace
George Ferguson — Senior Aerospace, Defense & Airlines Analyst, Bloomberg Intelligence
Ben Smith — CEO of Air France-KLM

Summary

The video covers discussions with aviation executives at the World Air Transport Summit in Rio, focusing on fuel prices, demand resilience, and supply chain challenges. Scott Kirby of United Airlines predicts oil prices will stay high and expects profitability. Larry Culp of GE Aerospace highlights strong spare parts demand. The show also touches on OPEC+ meeting, political news, and sports.

  • Aviation executives in Rio discuss fuel cost impact and strong travel demand.
  • Scott Kirby (United) expects oil at 90-110 and United profitable.
  • Larry Culp (GE Aerospace) reports strong spare parts growth and backlog.
  • JetBlue faces margin pressures and capacity cuts.
  • GE Aerospace and United are positive; JetBlue is struggling.
  • OPEC+ meets to adjust quotas amid Middle East conflict.
  • Other news includes politics, World Cup, and sports.
Trade Ideas
George Ferguson Senior Aerospace, Defense & Airlines Analyst, Bloomberg Intelligence 90:30
JetBlue facing losses, need capacity cuts.
George Ferguson says JetBlue is losing money with negative margins, and they have cut capacity but still face high costs. He expresses concern that if fuel prices remain high, further capacity cuts will be needed, and the business model is challenged.
JBLU MED
Scott Kirby CEO, United Airlines 95:05
United profitable even with high oil.
Scott Kirby says United Airlines has raised fares 20% and cut capacity 5%, and they are on a path to 100% fuel cost recovery. He expects United to be solidly profitable even if oil stays high, due to strong demand and pricing power, unlike many competitors.
UAL HIGH
Scott Kirby CEO, United Airlines 102:01
Oil stays 90-110 due to Strait closure.
Scott Kirby believes oil prices will remain elevated in the 90-110 range for the indefinite future because the Strait of Hormuz is unlikely to reopen reliably and sustainably. He is planning for that level and sees it as persistent.
WTI HIGH
Larry Culp CEO, GE Aerospace 120:08
Strong demand for GE spare parts.
Larry Culp says GE Aerospace has seen spare parts orders increase 40% year-over-year, engines are relatively new and will fly for decades, they have a large backlog, and they are improving supply chain. He feels good about mid-teens services growth in 2026.
GE HIGH
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This Bloomberg Markets video, published June 07, 2026, features George Ferguson, Scott Kirby, Larry Culp discussing JBLU, UAL, WTI, GE. 4 trade ideas extracted by AI with direction and confidence scoring.

Speakers: George Ferguson, Scott Kirby, Larry Culp  · Tickers: JBLU, UAL, WTI, GE