United Airlines is now forecasting a first quarter loss due to declining demand and rising pilot costs.

According to Reuters, “United said a combination of lower-demand in January and February and higher capacity has weakened its pricing power.

Total revenue per available seat mile, a proxy for pricing power, is estimated to be up 22% to 23% in the first quarter from a year ago, slower than the 25% growth expected earlier.”

Top Copyright Photo: United Airlines Boeing 737-724 SSWL N15712 (msn 28783) IAH (Jarrod Wilkening). Image: 960270.

United Airlines aircraft photo gallery (Boeing):