United sees glut of transatlantic flights hurting results
A glut of seats on transatlantic flights may weigh on UnitedÕs results through all of 2017, the airlineÕs president said Tuesday. Attacks in Europe have hurt travel demand, and a weaker sterling has dampened sales to British travelers in dollar terms, United said. United and other established airlines have also been forced to cut prices as Gulf carriers such as Emirates and budget airlines like Norwegian Air Shuttle have added flights to the US. President Scott Kirby said it was unclear whether passenger revenue would stop declining in 2017 for transatlantic flights. Kirby's remarks came a day after United released Q3 results showing a 6% drop in pretax income, partly due to higher wages. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2016-10-19/star/united-sees-glut-of-transatlantic-flights-hurting-results
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United sees glut of transatlantic flights hurting results
A glut of seats on transatlantic flights may weigh on UnitedÕs results through all of 2017, the airlineÕs president said Tuesday. Attacks in Europe have hurt travel demand, and a weaker sterling has dampened sales to British travelers in dollar terms, United said. United and other established airlines have also been forced to cut prices as Gulf carriers such as Emirates and budget airlines like Norwegian Air Shuttle have added flights to the US. President Scott Kirby said it was unclear whether passenger revenue would stop declining in 2017 for transatlantic flights. Kirby's remarks came a day after United released Q3 results showing a 6% drop in pretax income, partly due to higher wages. <br/>
