Reported 5 months ago
United Airlines has projected a lower-than-expected profit for the current quarter, attributing this to oversupply in the domestic flight market and competitive fare pricing. The airline plans to cut its capacity to adapt to market demands, while industry-wide pressures affecting ticket prices are evident as rivals like Delta and American Airlines also revise their profit outlooks downward. Despite soaring travel demand, operational costs continue to rise, impacting revenue generation.
Source: YAHOO