A United Airlines passenger jet requires off with New York Metropolis as a backdrop, at Newark Liberty Worldwide Airport, New Jersey.

Chris Helgren | Reuters

United Airlines announced deep cuts to its program next thirty day period amid the global coronavirus outbreak and slowing demand. 

The airline will cut worldwide flights by 20% and domestic flights by 10%. Some vast-entire body planes will be parked, the firm claimed Wednesday.

United shares fell soon after its announcement but later recovered from the lows of the working day, and have been down .4% at $58.02 a share just before 3 p.m. ET. Shares of its significant-airline competitors have been up on the day.

Airlines around the globe have cut back again on itineraries as COVID-19 hamstrings journey. The viral outbreak, which originated in China, has unfold to dozens of international locations.

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