Downward pressure: A traveller at a United Airlines counter in Austin, Texas. Investors are concerned that any slip in demand will make it harder to protect profits. — AFP
CHICAGO: United Airlines Holdings Inc has forecast an unexpected loss in the current quarter, citing lower demand as well as higher costs from a potential contract deal with pilots.
Company shares fell 7%. Booming travel demand has allowed US carriers including United to offset cost pressures with higher ticket prices. Investors, however, are worried any slip in demand would make it harder to protect profits.
Already a subscriber? Log in.
Unlock 30% Savings on Ad-Free Access Now!
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
