United Airlines shares fell 3% in premarket trading on Thursday, after the U.S. carrier flagged a hit to third-quarter earnings from operational snags at Newark airport.

United Airlines (NASDAQ:UAL) has recovered early losses and is clinging to a modest gain on Thursday, as the company’s underwhelming second quarter results were offset by assurances from the CEO regarding the second half of this year and disruptions at a major hub.

United Airlines shares dropped 3% due to Q2 earnings decline from operational issues at Newark Airport; though resolved, challenges impacted earnings slightly, but travel demand, especially for premium products,