of United Continental Holdingsfell more than 3 percent on Friday morning, after the
parent of United Airlines warned that its capacity and unit
revenues in the first quarter would come in below expectations
as winter storms disrupted operations.
"As a result of the severe weather, year-to-date, United has
canceled more than 22,500 flights, the largest number of which
(approximately 20,000) were regional flights. These
cancellations were nearly four times the cancellations during
the same period in 2013," the airlines carrier said in a
securities filing.United expects first-quarter 2014 consolidated unit revenue
to decrease between 0.5- 2.5 percent year-over-year. "The
weather-related cancellations to date have reduced first quarter
2014 consolidated PRASM by approximately 1.5 percentage points,"
the airline said in the filing.
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