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United Airlines Cuts Third-Quarter Capacity And Revenue Forecasts

Published on Sep 10 2020 1:03 PM in General Industry tagged: United airlines

United Airlines Cuts Third-Quarter Capacity And Revenue Forecasts

United Airlines has forecast a bigger drop in third-quarter passenger revenue than its own expectations and said that it will look to cancel more flights until it sees a recovery in air travel.

United said that it now expects an 85% drop in passenger revenue, a closely watched performance measure in the airline industry, down from its previous estimate of 83% year-over-year.

Third-Quarter Capacity

United also expects third-quarter capacity to decrease by approximately 70% year-over-year, compared with its prior forecast of 65%.

News by Reuters, edited by Hospitality Ireland. Click subscribe to sign up for the Hospitality Ireland print edition.

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