United Airlines Holdings Inc. (UAL) said it will continue to gradually add capacity in the coming months, as it plans to resume service on nearly 50 domestic and 23 international routes. The air carrier said it expects to fly in September 34% of the full schedule flown at the same time a year ago, and then plans to increase that to 40% of its full schedule in October. Back on July 31, United had said it planned to fly 37% of its September schedule ( ), an increase of 4% of what was planned for August. Domestically, the airline expects to fly 38% of its schedule in September and 46% of its schedule in October. "We continue to be data-driven and realistic in our approach to rebuilding our network," said Ankit Gupta, vice president of Domestic Network Planning. "Because October is typically a slower month for leisure travel, we're adjusting our schedules to reflect these seasonal changes in customer demand while resuming service or adding capacity on routes where we're seeing increased customer demand for travel." The stock, which fell 1.3% in morning trading, has shed 58.1% year to date, while the U.S. Global Jets ETF (JETS) has lost 43.1% and the S&P 500 has gained 4.4%.
-Tomi Kilgore; 415-439-6400; AskNewswires@dowjones.com
(END) Dow Jones Newswires
September 04, 2020 11:38 ET (15:38 GMT)
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