Get 40% Off
📈 Free Gift Friday: Instantly Copy Legendary Investors' PortfoliosCopy for Free

United Airlines warns of lower bookings, furloughs: WSJ

Published 07/07/2020, 08:33 AM
Updated 07/07/2020, 09:00 AM
© Reuters. FILE PHOTO: United Airlines passenger jets taxi with New York City as a backdrop

(Reuters) - United Airlines (O:UAL) has warned of booking declines and potential furloughs due to new travel restrictions, the Wall Street Journal reported on Tuesday, citing an internal presentation to the carrier's employees.

United's reservations for travel within the coming month quickly began to slide after New York, New Jersey and Connecticut said last month they would require people arriving from hot-spot states to quarantine for 14 days, the report said.

The slump was most pronounced at United's Newark hub, where near-term net bookings were just about 16% of year-ago levels as of July 1, the Journal said.

Earlier this month, United said it was adding nearly 25,000 domestic and international flights in August, tripling the number it flew in June, while standing ready to shift plans if recent spikes in COVID-19 cases hurt demand.

United was not immediately available to respond to Reuters request for comment.

Latest comments

Airlines deserve to go bankrupt. They did nothing to limit the virus when it mattered, bought their own stocks instead of saving for a rainy day and then immediately asked for bailouts...all while refusing to mandate masks and empty middle seats on their planes. They’re digging their own hole much deeper through their selfishness.
Plus the airlines started charging for baggage, meals, pillows, blankets, legroom, and bulkhead seats. And then they jacked up their fares when jet fuel prices were plummeting. Not one red cent to them!
Why lower bookings if Dr Donny has “everything under control?” Must be cooties on the planes....
Covid19: An opportunity to CONSIDER a BETTER DIRECTION for humanity.
sure amazon and tesla :p
yo
Karma always catch up with Greed....Time does not exist !!!!!
Kinda surprised they made it this far.
L
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.