United Continental lowers Q1 capacity outlook due to weather, -3.2% AH

United Continental (UAL) -3.2% AH after warning that its Q1 capacity and passenger unit revenues will come in well below previous expectations, saying bad weather in January and February has "significantly impacted” its operations.

UAL says it has canceled more than 22,500 flights YTD, including ~20K regional flights, because of severe weather; the cancellations are nearly 4x the total during the same period in 2013.

UAL now sees Q1 capacity between -0.6% to +0.4% vs. last month's forecast of +0.3% to +1.3%, and passenger revenue per available seat miles of -2% to -0.5% vs. prior outlook of flat to +2%.

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Comments (1)
  • markcc
    , contributor
    Comments (3234) | Send Message
    The price on the market is down 3.2% a few hours after the announcement, So nobody knew about the snow, not even the analysts? What kind of analysts do we have on Wall Street, LOL BTW United flys over 2,000,000 flights a year. 1% Material to earnings? NO! Just watch if they try to slip other write-offs into this bad quarter to make themselves look good!
    28 Feb 2014, 12:58 AM Reply Like
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