United Airlines is preparing for a return to profitability this year with or without a significant return of business travel, though executives for now are betting on the former.

The carrier’s passenger revenue in the first quarter declined 67.2 percent year over year to $2.3 billion, with both business travel demand and long-haul international travel demand—which together represent about two-thirds of United’s total business—down more than 80 percent, United CEO Scott Kirby said in an earnings call. United’s core cash flow, however, turned positive in the month of March, which Kirby said should continue. The carrier now is focused on turning earnings before interest, taxes, depreciation and amortization positive, which Kirby said is possible even if long-haul international and business travel remain down as much as 70 percent.

Leisure demand trends, however, are giving United executives hope that corporate demand recovery is not that far off. The carrier had reduced capacity and braced for a slowdown in demand to Mexico’s beach destinations, for example, when testing requirements upon return to the United States started earlier this year, United EVP and chief commercial officer Andrew Nocella said.

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