United Airlines will reduce flying more than expected during the rest of this year because of higher fuel prices and a sluggish economy.
United will cut flying capacity by 2 to 3 percent from September through the rest of the year, Chief Financial Officer John Rainey said at an investors’ conference in New York on Wednesday.
United previously expected to cut flying by 1 to 2 percent during the fourth quarter.
“We are beginning to see some modest slowness in the economic outlook and we’re responding accordingly,” he said.
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