#United Airlines forecasts 85 percent plunge in passenger revenue
“#United Airlines forecasts 85 percent plunge in passenger revenue”
September 9, 2020 | 1:27pm | Updated September 9, 2020 | 1:27pm
United said it now expects an 85 percent drop in passenger revenue, a closely watched performance measure in the airline industry, down from its previous estimate of 83 percent year-over-year.
The No. 3 US airline also expects third-quarter capacity to decrease about 70 percent year-over-year, compared with its prior forecast of 65 percent, despite seeing a moderate improvement in bookings for leisure travel in the United States and certain short-haul destinations in Latin America and the Caribbean in the two ended Sept. 7.
US airlines have collectively been bleeding about $5 billion a month as 30 percent of the planes remain parked amid the coronavirus pandemic that prompted passengers to cancel their flights and seek refunds rather than book new travel.
If you want to read more Business News articles, you can visit our General category.
if you want to watch Movies or Tv Shows go to Dizi.BuradaBiliyorum.Com for forums sites go to Forum.BuradaBiliyorum.Com