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United Continental fell the most in almost 6 years after a weak revenue forecast sparked concern that the airline is struggling to catch up with its rivals’ financial performance. The carrier sank 10% Thursday in New York after tumbling as much as 12%, the biggest intraday drop since May 2010. United’s decline was the largest on the Standard & Poor’s 500 Index and helped drag down other airline stocks. United is falling behind Delta Air Lines in passenger revenue for each seat flown a mile amid intense domestic competition and softer demand abroad. United estimates that so-called unit revenue will decline 6.5% to 8.5% in Q2, deeper than the 2.5% to 4.5% drop anticipated by Delta. “The core of United’s Q2 guide appears softer than expectations,” an analyst at JPMorgan Chase said in a note to clients. <br/>

THAI is looking at Cebu City as another potential destination in the Philippines in addition to the capital Manila. THAI president Charumporn Jotikasthira said Thursday the carrier has added Cebu City in the central Philippines to its new destination list and the route will be launched when the airline is ready. Manila is the only stop for the airline in the Philippines. The planned Cebu route is part of the carrier's plan to expand its wings to more cities or revive scrapped routes which now have the potential to make a profit. That includes flights to Moscow, which will relaunch in October, he added. THAI also plans to relaunch services to the US. However, Charumporn said Thursday that Los Angeles had been ruled out after learning from mistakes from past marketing plans. <br/>