Sept 6 (Reuters) - United Continental Holdings Inc on Wednesday cut its current-quarter forecast for passenger unit revenue, citing lower average fares and higher fuel costs.
The company, which owns the No.3 U.S. airline United Airlines, said it now expects the closely watched performance metric to fall about 3 percent to 5 percent in the quarter ending September. (bit.ly/2gKfPwT)
United had previously forecast the passenger unit revenue - which compares sales to flight capacity - to be down 1 percent to up 1 percent. (Reporting by Ankit Ajmera in Bengaluru; Editing by Maju Samuel)