UPDATE 1-United Airlines to cut some winter transatlantic flights
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By Jeffrey Dastin
May 8 (Reuters) - United Continental Holdings Inc said on Friday it plans to cut certain transatlantic flights after the peak summer travel season ends as the strong U.S. dollar weighs down international demand.
The Chicago-based carrier said in a statement it plans to halt service to Stockholm and Oslo from its Newark, New Jersey, hub between Sept. 5 and May 4, 2016.
It also expects to suspend one of its two daily flights between Newark and Paris from Oct. 25 through March 26, 2016, but use a larger aircraft, the Boeing Co 777-200, than it currently does on the flight that remains.
With foreign travelers' spending power hurt by the strong dollar, U.S. airlines have pleased investors recently by announcing capacity cuts so the supply of seats in certain markets does not exceed demand.
Winter flights in excess of demand have "led to poor financial results," Andy Buchanan, United's international planning managing director, said in the release.
"However, demand in these markets increases in summer and we continue to see opportunity to serve these markets profitably during the summer season."
Delta Air Lines Inc has said it will lower transatlantic capacity between zero and 2 percent in the fourth quarter, while cutting service from Japan, Brazil and elsewhere by at least 15 percent. Continuación...