Getting your player ready...
CHICAGO — United Airlines said Friday that a key measure of revenue would fall 11 percent to 12 percent in the first quarter, one more sign that the recession is hurting air travel.
United reported the drop in its systemwide passenger unit revenue in a regulatory filing. It said its mainline passenger unit revenue, which excludes regional operations, would fall 12.3 percent to 13.2 percent.
United also said it is on pace for $80 million in cash losses on fuel hedges that will settle during the first quarter.
