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Investing.com -- United Airlines Holdings (NASDAQ:UAL) Inc. anticipates that ticket prices for the upcoming spring and summer seasons will be slightly lower than expected.
Andrew Nocella, the Chief Commercial Officer, shared these insights during an interview with Bloomberg Television on the same day. As a result, the company’s shares dipped 0.7% in premarket trade on Friday.
For the summer, Japan and southern Europe are expected to be the airline’s most frequented destinations. Nocella expressed concerns about the airline’s capacity to accommodate the anticipated level of travel to Japan, stating, "I’m not sure we’ll have enough seats."
The summer season is predicted to be very busy, with full aircraft. Despite a small decrease in demand for flights into the United States from Canada and other countries, outbound travel from the US is more than compensating for this.
United Airlines is also looking to expand its presence at JFK Airport. However, the flying capacity at all three major New York City-area airports, including JFK, is currently limited by runway constraints.
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