United Airlines cuts quarterly revenue forecast further

SourceZawya
SectorTransport
CountryUnited Arab Emirates

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) ((Rachit.Vats@tr.com; within U.S. +1 646 223 8780, outside U.S. +91 80 61822828; Reuters Messaging: rachit.vats.thomsonreuters.com@reuters.net))Zawya Coveragefinancial servicesUAE and Pakistani finance authorities join hands to combat money launderingfinancial servicesBahrain's Bank ABC plays down Fitch ...read more...