Originally Posted by
jsloan
I didn't say that they have slashed fares. The question was, will they? The answer to that question is yes, they will (in the sense of "they would" -- not a prediction of the future, but rather an answer in the conditional). However, their first attempt has been to slash capacity instead, in the hopes of propping the fares up. If that works, they'll never need to slash fares too, but I have my doubts.
Logically I would expect them to slash their fares. I do remember seeing another FT member's post about why Hyatt hotel prices haven't dropped any further in light of the collapse in tourism in Hong Kong. Perhaps UA isn't going down that path right now because this is as low as they're prepared to go with fares even if it means flying with a low load percentage.