OBSTRUCTION OF JUSTICE.
>> DESPITE A SURGE OF COVID-19
CASES UNITED AIRLINES IS ADDING
HUNDREDS OF DOMESTIC FLIGHTS.
MORNINGSTAR FOUNDER MAKES A HIGH
PROFILE PURCHASE A HOTEL AND HOW
SOON WILL YOU BE ABLE TO ORDER
THE PLANT SANDWICH AT YOUR LOCAL
McDONALD'S.
HERE IS ANN DWYER.
WE'VE GOT THE SKYROCKETING COVID
CASES YET UNITED AIRLINES IS
ADDING FLIGHTS.
WHY IS THAT?
>> FOR UNITED AIRLINES NORMAL
CANNOT COME BACK SOON ENOUGH
THEY HAVE SUFFERED.
THEY ARE BETTING THAT AMERICANS
FEEL THE SAME WAY AND THERE ARE
ENOUGH OF THEM WHO WILL FEEL
SAFE ENOUGH TO FLY AROUND THE
HOLIDAYS.
SO MUCH SO THAT UNITED ANNOUNCED
TODAY THAT THEY ARE GOING TO ADD
15% TO THEIR DOMESTIC CAPACITY
AROUND THE HOLIDAYS TO
ACCOMMODATE THE TRAVELERS.
THE BIG QUESTION MARK IS WHETHER
THIS COVID SPIKE WE ARE LIVING
THROUGH IS GOING TO CONTINUE
INTENSIFYING.
IF IT DOES THE SLIGHT REBOUND IN
TRAVEL DEMAND THAT WE'VE SEEN IN
THE PAST FEW WEEKS IS NOT LIKELY
TO BE LONG-LAST SNOOK REMIND US,
IS UNITED PACKING FLIGHTS?
>> THEY ARE REPORTING THAT
DEMAND IS SIGNIFICANTLY UP.
THEY HAVE HAD VERY GOOD WEEKS
RECENTLY.
AGAIN, WE'RE MEASURING AGAINST A
POST COVID YARDSTICK WE ARE
NOWHERE NEAR THE LEVELS OF
TRAVEL DEMAND WE SAW PRECOVID.
>> THE MORNINGSTAR FOUNDER,
CHICAGOAN HE BOUGHT THE CHICAGO
FIRE MLS TEAM NOW HE BOUGHT THE
WALDORF ASTORIA IN CHICAGO FOR
$54 MILLION.
IS THAT A STEAL GIVEN THE
PANDEMIC HAS DEPRESSED PRICES?
>> IT IS.
IT IS A BARGAIN BASEMENT PRICE
WHEN YOU CONSIDER THAT IN 2015
THAT SAME BUILDING TRADED HANDS
FOR I BELIEVE $112 MILLION.
SO IN JUST A FEW SHORT YEARS THE
MARKET VALUE HAS PLUMMETTED.
TO BE FAIR, WE SHOULD NOTE THAT
THE WALDORF ASTORIA HAD ISSUES
BEFORE COVID CAME ALONG.
THE PREVIOUS OWNERS WERE LOADED
DOWN WITH DEBT.
SO WHEN THE COVID TRAVEL SLOW
DOWN HIT THEY WERE HIT
ESPECIALLY HARD.
>> GLAD TO GET IT OFF THE BOOKS.
LASTLY, McDONALD'S IS UPPING
ITS GAME IN THE FAUX MEAT ARENA.
TELL US WHAT TO EXPECT IN THAT
REGARD?
>> McDONALD'S EVERYBODY IN THE
INDUSTRY HAS BEEN WATCHING
WONDERING WHY IT'S TAKEN THEM SO
LONG TO ANSWER BURGER KING'S
IMPOSSIBLE WHOPPER.
WHICH CAME TO MARKET MONTHS AGO.
AND ACTUALLY NOW TODAY THEY DID
DECIDE THEY ARE JUMPING INTO THE
CATEGORY WITH BOTH FEET.
IT IS A VERY, VERY FAST GROWING
SECTOR IN THE FAST FOOD
BUSINESS.
THESE FAUX MEATS.
McDONALD'S HAS LAUNCHED AN
ENTIRE RANGE OF PLANT-BASED MENU
ITEMS TO ANSWER THE BURGER KING
CALL.
AND AT THE SAME TIME THEY HAVE
SAID THEY ARE NOT GOING TO TAKE
THE CHICKEN COMPETITION LINE
DOWN ANYMORE.
THEY ARE GOING TO LAUNCH A NEW
FRIED CHICKEN SANDWICH TO SEAL
BACK MARKET SHARE THAT THEY LOST
TO CHICK-FIL-A AND TO POPEYE'S
BECAUSE THEY'VE BEEN SELLING SO
MANY SANDWICHES THERE'S LINES
AROUND THE DOOR AND McDONALD'S
MISSED OUT ON A LOT OF THAT