United Airlines CEO Scott Kirby announced on LinkedIn Thursday that he plans to make his job “more of a side hustle for now.” With airlines struggling to manage expenses amid the Covid-19 pandemic, United’s stock price is down 48% year-to-date.
“I’m just not making the kind of money I’d hoped for this year, so I’ll have to put this project on the backburner and focus on something else for a while,” Kirby explained.
Kirby made over $16.7 million in total compensation last year as company president, but may make less in 2020 and 2021, even after being promoted to CEO.
“With my income going down, I’ll have to find another way to pay the bills. Sadly, this means just being CEO when I have some spare time in the evenings and on weekends,” Kirby’s post continued.
While Kirby has not announced specific plans for his new full-time focus, some have suggested that he will pick up some extra shifts at a restaurant he previously worked at and do odd jobs off of Craigslist. In the past, Kirby has also expressed interest in trading cryptocurrencies full-time and with Bitcoin prices making all time highs that seems to be the safer route.