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United Airlines posts $1.9 billion in quarterly losses

United Airlines posts $1.9 billion in quarterly losses

United Airlines said Wednesday that it finished one of the worst years in its history by losing $1.9B in the last three months of 2020. Revenue plunged 69% in the fourth quarter compared with a year earlier. United lost a total of $7.1B in 2020. The company said it has started to cut $2B in annual structural costs from its operations and expects higher profit margins in 2023 than it saw in 2019.

Tom A
Tom A
Rocky 2 months

Can't say I'm surprised the industry has been on a downswing ever since the introduction of the TSA. I haven't flown a single time since and none of their policies since have made me any more interested in doing so. I may at some point build my own ultralight for short trips.

Goi 2 months

Get ready... Stimmies season is about to start. Lotsa cronies zombie companies to bail out. LoL

Sasu 2 months

most of their money is from international flights or hub-hub.

TheMadDane 2 months

Bailout time!!!

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