United Airlines CEO says it 'likely' it will need to cut additional flights

This post was originally published on this site

https://i-invdn-com.akamaized.net/trkd-images/LYNXMPEG20265_L.jpg

WASHINGTON (Reuters) – United Airlines (O:) Chief Executive Oscar Munoz told employees the U.S. airline would likely need to cut additional flights in the wake of sagging demand because of the coronavirus outbreak, the airline confirmed on Sunday.

In a email late on Saturday to employees, Munoz noted the carrier had cut flights to Asia and suspended service to mainland China and Hong Kong through April 30.

“We are strategically managing our Atlantic and domestic service, mindful of travel directives from the federal government, fluctuating demand and of course, the advice of public health experts. Based on current trends, it is likely that additional schedule reductions will be necessary,” Munoz said. The email was reported earlier by CNBC.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.