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0.0018909862986431 0.0018909862986431 -0.0047440533457188 -0.00427012194255002 -0.00379619053938141 -0.00379619053938141 -0.00379619053938141 -0.00379619053938141
Stock impact report

United Airlines cuts 80% of capacity, expects bigger reduction in May [MarketWatch]

United Airlines Holdings, Inc. (UAL) 
Last united airlines holdings, inc. earnings: 4/30 04:30 pm Check Earnings Report
US:NYSE Investor Relations: ir.united.com
Company Research Source: MarketWatch
United Airlines Holdings Inc. shares fell in the extended session Friday after the airline announced huge capacity cuts and expects more to come. United shares fell 6% after hours, following a 2.3% decline to close the regular session at $22.89. In a filing with the Securities and Exchange Commission, United said it has cut about 80% of its capacity in April with even larger cuts expected in May. In the meantime, United said it will evaluate and cancel flights on a rolling 90-day basis until demand recovers. The airline said it is losing more than $100 million a day in revenue and that it expects fourth-quarter revenue to be down at least 30% from the year-ago period. Crain's Chicago Business reported late Friday that United has also filed for a federal grant in order to keep paying employees. United shares are down 74% for the year, while the S&P 500 index is down 23%. Show less Read more
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