United Air Cuts Growth Plans as Flight Disruptions Persist
- Carrier misses profit expectations as CEO cites ‘challenges’
- Company sees positive earnings for full year on strong demand
United Airlines aircraft parked at Terminal 7 at Los Angeles International Airport (LAX) in Los Angeles, California.
Photographer: Bing Guan/BloombergThis article is for subscribers only.
United Airlines Holdings Inc. is limiting flying for the rest of this year and curtailing growth plans in 2023 to try to get a handle on flight disruptions that have roiled the industry, even as it continues to expect profits amid robust travel demand.
The carrier revealed the latest capacity outlook Wednesday as it reported earnings that fell short of Wall Street’s expectations. That dragged down shares across the industry and tarnished results from United’s first profitable quarter in more than two years.