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United Airlines is suspending two global flights due to low demand

According to multiple sources United Airlines Holdings Inc. UAL has decided to temporarily suspend two of its key international routes. Starting September 8, the airline will stop operating flights between Chicago’s O’Hare International Airport (ORD) and Hong Kong (HKG). Additionally, air travel on the Newark Liberty International Airport (EWR)-Buenos Aires, Argentina (EZE) route will be suspended effective October 26.

United Airlines said lower demand on its routes led the airline to suspend these essential services. Meanwhile, two regions are currently experiencing difficult times. While Hong Kong is witnessing massive political demonstrations that led to the closure of Hong Kong International Airport earlier this month, Argentina is in the midst of economic turmoil. These issues have led to a decline in demand for business and leisure travel to these locations.

However, it should be noted that the Chicago-IL-based airline will continue to operate its daily flights from San Francisco (SFO) and Newark to Hong Kong. In addition, the airline will continue to serve Buenos Aires daily from Houston. Additionally, the airline is on track to launch a second daily flight between SFO and HKG on October 26, 2019.

Although services have been temporarily suspended, it is unknown when operations will resume or if they will resume at all.

United Airlines Holdings Inc. Price

United Airlines Holdings Inc. PriceUnited Airlines Holdings Inc. Price

United Airlines Holdings Inc. Price

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United Airlines has a Zacks Rank #2 (Buy). Other top-ranked stocks in the same space include Controladora Vuela Compania de Aviacion, SAB de CV VLRS, Copa Holdings, SA CPA and Gol Linhas Aereas Inteligentes SA GOL, each carrying a Zacks Rank #1 (Strong Buy). You can see You can see the complete list of today’s Zacks #1 Rank stocks here.

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