Expect more airline 'cancellations throughout the summer' -adviser
STORY: United Airlines announced Thursday it will temporarily cut about 50 daily departures from its Newark airport hub starting on July 1 to address congestion and as concerns mount over the U.S. summer air-travel season.
The summer flight cuts, which were first reported by Reuters, apply only to domestic flights. They represent 12% of United's 425 daily flights at Newark and will not result in the airline exiting markets. United shares fell 4.9% in afternoon trading.
