United says more people are canceling flights as COVID-19 cases soar ahead of the Thanksgiving travel rush
United Airlinessaid Thursday that it's seeing an increase in flight cancellations and a slowdown in new flight bookings ahead of the holiday season.
- The cancellations come at a time when COVID-19 cases are soaring across the United States.
- United said revenues are expected to be down by approximately 67% for the fourth quarter compared to last year.
United Airlines said Thursday that it's seeing an uptick in flight cancellations and a slowdown in new flight bookings as coronavirus cases continue to reach record highs in the United States.
For the week ending Monday, the carrier said "there has been a deceleration in system bookings and an uptick in cancellations," and reiterated that it does not expect reservations to recover in a "linear path."Overall revenues are expected to be down by approximately 67% for the fourth quarter compared to last year, United warned. That's in-line with what company executives projected in October when the airline reported an 84% drop in passenger revenue.
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