United Airlines cuts quarterly revenue forecast further

United Airlines cuts quarterly revenue forecast further

United Airlines cuts quarterly revenue forecast further United had previously estimated passenger revenue to decrease about 83% year-over-year    FILE PHOTO: Airplanes of German airline Lufthansa and U.S. carrier United Airlines land and take off at Frankfurt Airport, Germany March 2, 2020. REUTERS/Kai Pfaffenbach/File Photo United Airlines Holdings said on Wednesday it now expects third-quarter passenger revenue and capacity to be down about 85%, lower than its previous forecast.United had previously estimated passenger revenue, a closely watched financial metric in the airline industry, to decrease about 83% year-over-year.(Reporting by Rachit Vats in Bengaluru; Editing by Saumyadeb Chakrabarty) (([email protected]; within U.S. +1 646 223 8780, outside U.S. +91 80 61822828; Reuters Messaging: [email protected]))Zawya Coveragefinancial servicesUAE and Pakistani finance authorities join hands to combat money launderingfinancial servicesBahrain's Bank ABC plays down Fitch