United Airlines sees capacity improving
05-19-2020, 07:20 AM
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United Airlines sees capacity improving
Dow Jones Newswires as of 0722, May 19th:
Shares of United Airlines Holdings Inc. (UAL) rallied 2.0% in premarket trading Tuesday, extending the 21% surge in the previous session,m after the air carrier said it has seen "moderate improvement" in demand and reduced cancellations during the second quarter, and expects further improvement in July. United said April gross bookings fell 95% from a year ago, with customer cancellations at "unprecedented" levels as a result of the COVID-19 pandemic. In May and June, United said scheduled capacity were down 90% from year ago levels, but it now expects July capacity to be down about 75% . Separately, the company said it expects 2020 adjusted capital expenditures (capex) to be below $4.5 billion , and 2021 capex to "close to" $2 billion . United does not expect to be required to take delivery of any new aircraft in 2022.
- Tomi Kilgore ; 415-439-6400; [email protected]
(END) Dow Jones Newswires
05-19-20 0822ET
Copyright (c) 2020 Dow Jones & Company, Inc.
Shares of United Airlines Holdings Inc. (UAL) rallied 2.0% in premarket trading Tuesday, extending the 21% surge in the previous session,m after the air carrier said it has seen "moderate improvement" in demand and reduced cancellations during the second quarter, and expects further improvement in July. United said April gross bookings fell 95% from a year ago, with customer cancellations at "unprecedented" levels as a result of the COVID-19 pandemic. In May and June, United said scheduled capacity were down 90% from year ago levels, but it now expects July capacity to be down about 75% . Separately, the company said it expects 2020 adjusted capital expenditures (capex) to be below $4.5 billion , and 2021 capex to "close to" $2 billion . United does not expect to be required to take delivery of any new aircraft in 2022.
- Tomi Kilgore ; 415-439-6400; [email protected]
(END) Dow Jones Newswires
05-19-20 0822ET
Copyright (c) 2020 Dow Jones & Company, Inc.
05-19-2020, 01:27 PM
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Dow Jones Newswires as of 0722, May 19th:
Shares of United Airlines Holdings Inc. (UAL) rallied 2.0% in premarket trading Tuesday, extending the 21% surge in the previous session,m after the air carrier said it has seen "moderate improvement" in demand and reduced cancellations during the second quarter, and expects further improvement in July. United said April gross bookings fell 95% from a year ago, with customer cancellations at "unprecedented" levels as a result of the COVID-19 pandemic. In May and June, United said scheduled capacity were down 90% from year ago levels, but it now expects July capacity to be down about 75% . Separately, the company said it expects 2020 adjusted capital expenditures (capex) to be below $4.5 billion , and 2021 capex to "close to" $2 billion . United does not expect to be required to take delivery of any new aircraft in 2022.
- Tomi Kilgore ; 415-439-6400; [email protected]
(END) Dow Jones Newswires
05-19-20 0822ET
Copyright (c) 2020 Dow Jones & Company, Inc.
Shares of United Airlines Holdings Inc. (UAL) rallied 2.0% in premarket trading Tuesday, extending the 21% surge in the previous session,m after the air carrier said it has seen "moderate improvement" in demand and reduced cancellations during the second quarter, and expects further improvement in July. United said April gross bookings fell 95% from a year ago, with customer cancellations at "unprecedented" levels as a result of the COVID-19 pandemic. In May and June, United said scheduled capacity were down 90% from year ago levels, but it now expects July capacity to be down about 75% . Separately, the company said it expects 2020 adjusted capital expenditures (capex) to be below $4.5 billion , and 2021 capex to "close to" $2 billion . United does not expect to be required to take delivery of any new aircraft in 2022.
- Tomi Kilgore ; 415-439-6400; [email protected]
(END) Dow Jones Newswires
05-19-20 0822ET
Copyright (c) 2020 Dow Jones & Company, Inc.
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