Bad weather hits United’s bottom line
From the Associated Press
United Airlines said it expected a modest fourth-quarter operating loss because of winter snowstorms that brought flights in Chicago and Denver, two of its biggest hubs, to a virtual standstill.
The carrier, a subsidiary of Elk Grove Village, Ill.-based UAL Corp., said after stock exchanges closed that its revenue was expected to decrease by about $40 million.
The nation’s No. 2 airline by traffic canceled 4,000 flights at the two airports because of snow, ice and other inclement weather. As a result, the company said its December traffic decreased by 0.8% from a year earlier.
