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United Air shares slide on outlook for passenger unit revenue

A United Airlines Boeing 787 Dreamliner touches down at San Francisco International Airport, San Francisco, California, in this April 11, 2015, file photo. REUTERS/Louis Nastro/Files

NEW YORK (Reuters) - Shares of United Continental Holdings Inc (UAL.N) fell more than 5 percent on Wednesday, a day after the airline forecast "disappointing" passenger unit revenue in the third quarter.

After the market closed on Tuesday, United said passenger unit revenue, which measures sales relative to flight capacity, would be flat in the third quarter after rising 2.1 percent in the second quarter from a year ago.

"Investors were estimating 3Q17 unit revenue would be flat to up...


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