United Airlines expects first-quarter consolidated passenger RASM to fall 11%-12% year-over-year, with mainline PRASM dropping 12.3%-13.3%, along with an $80 million cash loss on settled fuel hedge contracts. UA joined American Airlines (ATWOnline, March 20) and Continental Airlines (ATWOnline, March 19) in projecting steep drops in first-quarter revenue. Delta Air Lines said three weeks ago that it expects a "significant" first-quarter loss (ATWOnline, March 4). In its Securities and ...

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