United Airlines cuts quarterly revenue forecast further

(Reuters) – United Airlines Holdings said on Wednesday it now expects third-quarter passenger revenue and capacity to be down about 85%, lower than its previous forecast.

United had previously estimated passenger revenue, a closely watched financial metric in the airline industry, to decrease about 83% year-over-year.

(Reporting by Rachit Vats in Bengaluru; Editing by Saumyadeb Chakrabarty)