United Airlines Sees Slight Decline in Traffic and Capacity, Announces Management Job Cuts
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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