United Airlines Inc on Monday withdrew its full-year 2020 guidance, citing heigh...
FILE PHOTO: A United Airlines passenger jet taxis at Newark Liberty International Airport, New Jersey, U.S. December 6, 2019. REUTERS/Chris Helgren
Chicago-based United was the first U.S. airline to suspend 2020 guidance over the coronavirus outbreak, which caused a global stock market plunge on Monday as a surge of cases outside mainland China sparked fears of a global pandemic. The company also said if the virus runs its course by mid-May, and normal travel patterns on trans-Pacific routes resume gradually over five months, it would expect to achieve its previous 2020 earnings forecast of between $11 and $13 per share.
U.S. airlines have temporarily canceled flights to China and on Monday were considering issuing travel waiver fees for flights to Italy, where cases spiked over the weekend.
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