Earnings

United Airlines (UAL) 2Q 21 narrows losses

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United Airlines on Tuesday reported higher second-quarter revenue and a narrower loss thanks to a resurgence in air travel, the latest carrier to issue a brightening outlook for one of the Covid pandemic’s most battered sectors.

The Chicago-based airline said that it expects to generate positive adjusted pretax income for the third and fourth quarters and that it plans to ramp up flying in response to higher travel demand. Delta Air Lines and American Airlines last week also said they have seen an improvement in bookings and financial results.

United’s revenue of $5.47 billion for the three months ended June 30, was down by more than 50% from the same quarter of 2019 but up nearly 70% from…



Source cnbc.com

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