00:00It's Benzinga, and here's what's on the block.
00:02United Airlines forecasted a lower-than-expected profit for the quarter ending September 30th.
00:08The airline also plans to cut its domestic capacity by three percentage points in the
00:12fourth quarter to bolster its pricing power as other U.S. carriers are estimated to reduce
00:16seats.
00:17While travel demand is high this summer, carriers have increased domestic seats in excess of
00:21demand, putting pressure on airfares and profits.
00:25Capacity growth is now expected to moderate, which should help support ticket prices.
00:28For all things money, visit Benzinga.com.
