- 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%.
United Continental lowers Q1 capacity outlook due to weather, -3.2% AH
Feb 27 2014, 18:40 ET