United Airlines announced that it expects total operating income for the first quarter close to the highest range of its estimates for a fall of 20% -25%, compared to the first quarter of 2019.
“In the period following the peak of the coronavirus cases in January, the demand for travel has exceeded the previous estimates of the company”, stressed UAL.
As a result of Omicron and flight cancellations linked to current geopolitical conditions, United Airlines now forecasts its capacity in the first quarter to be 19% lower than in 2019, and is below estimates for a 16% drop – 18%.
As a result of this capacity reduction, UAL now expects the world per available position to increase by 18% compared to the first quarter of 2019, compared to a previous estimate of 14% -15% increase.
The airline continues to expect positively adjusted post-tax revenue in the second quarter.
Source: Capital
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