United Airlines (UAL) reports mixed Q1 financial results, with EPS of $0.91 US, beating estimates, and revenue of $13.21 billion US, slightly below expectations.
In response to weakening travel demand, United Airlines plans to suspend some domestic flights, reducing domestic capacity by about 4% starting in Q3.
While domestic flight revenue declined by 4% compared to last year, sales on international routes increased by over 5% in Q1.
United Airlines maintains its full-year forecast but offers a second forecast of earnings per share should the US economy enter a recession.