United sharply cuts flights to Asia, cancels investor day
United said Friday it was sharply cutting flights to Japan and South Korea, as travelers worried about the coronavirus outbreak slash ticket purchases for those destinations. It also cancelled its investor day that had been due to be held on March 5. With investors firmly focused on how the company is managing the near-term impact of the coronavirus, United said it was not “practical to expect that it can have a productive conversation focused on its long-term strategy next week.” The event will be rescheduled for September. United already withdrew its 2020 guidance this week due to uncertainty over the duration and spread of the virus. It warned that near-term demand to China has almost disappeared, with demand for the rest of its trans-Pacific routes down by 75%.<br/>
https://portal.staralliance.com/cms/news/hot-topics/2020-03-02/star/united-sharply-cuts-flights-to-asia-cancels-investor-day
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United sharply cuts flights to Asia, cancels investor day
United said Friday it was sharply cutting flights to Japan and South Korea, as travelers worried about the coronavirus outbreak slash ticket purchases for those destinations. It also cancelled its investor day that had been due to be held on March 5. With investors firmly focused on how the company is managing the near-term impact of the coronavirus, United said it was not “practical to expect that it can have a productive conversation focused on its long-term strategy next week.” The event will be rescheduled for September. United already withdrew its 2020 guidance this week due to uncertainty over the duration and spread of the virus. It warned that near-term demand to China has almost disappeared, with demand for the rest of its trans-Pacific routes down by 75%.<br/>
