United Airlines to Cut Flights in April as Coronavirus Spread Hurts Demand
By Yasin Ebrahim
Investing.com – United Airlines said it would be cutting some of its international and domestic flights next month as the spread of the novel coronavirus outbreak continues to hurt travel demand.
United Airlines (NASDAQ:UAL) fell 0.4% on the news.
The airline will cut international flights by 20% and domestic flights by 10%.
The move comes airlines are reeling from the sudden hit to travel demand, with some experts warning the impact from the virus outbreak could be the worst travel crisis since the September 11, 2001 terrorist attacks.
"It is (the airline sector) on the front line of the fallout," said Mark Zandi, chief economist with Moody's Analytics, told CNN. "It's the most directly and immediately impacted."