FILE PHOTO: A United Airlines passenger jet takes off with New York City as a backdrop, at Newark Liberty International Airport, New Jersey, U.S. December 6, 2019.
REUTERS/Chris Helgren/File Photo(Reuters) - United Airlines Holdings Inc on Tuesday forecast a smaller fall in second-quarter unit revenue and core margins, and said it expects domestic leisure yields for summer travel to exceed 2019 levels.
“Business demand continues to be significantly depressed, though bookings for business travel are starting to recover,” United said.
The carrier expects total revenue per available seat mile (TRASM), or unit revenue, to be down about 12% in the second quarter from 2019, compared to its prior outlook of down about 20%.
United expects adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) margin in the quarter to be down 11%, compared to its prior forecast of down 20%.
Chris Helgren, ” United
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