United Airlines Sees Slight Decline in Traffic and Capacity, Announces Management Job Cuts
United Airlines announced operational results for February 2017 as well as plans to reduce some management positions.
The Chicago-based carrier consolidated traffic and capacity were both down year-over-year. Its load factor also declined slightly.
Total traffic for the airline during the month of February was 13.95 billion RPMs, or revenue passenger miles, down 0.8% from last year’s 14.06 billion. Total capacity decreased 0.4% year over year, down to 18.19 billion ASMs, or available seat miles, from 18.26 billion ASMs. Meanwhile, United’s consolidated load factor decreased 0.3 percentage points from 76.7% to 77%.
The airline said it expects Q1 consolidated passenger unit revenue to be down 1% to up 1% compared to Q1 2016.
United also announced plans to cut some 300 management positions at its headquarters in the Willis Towers as part of a long-term strategy to maintain disciplined cost control.
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