United Airlines Holdings Inc (UAL) warned that it sees travel bookings weakening as the recent resurgence in coronavirus infections and the related new restrictions imposed by some U.S. states are curtailing demand.The news sent shares down 7.6% to $32.58 at the close on Tuesday. In a Town Hall for its operational employees, the ailing airline said that consolidated capacity for June was down about 88% year-over-year and that July capacity is expected to be down about 75% year-over-year.Looking ahead to the peak summer season, management also indicated that capacity for August will probably be down about 65% year-over-year. In addition, …read more
Source:: Yahoo Finance
