United Airlines (UAL) 2Q 21 narrows losses


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

0 0 votes
Article Rating

Elon Musk says Tesla will open Superchargers to other cars in 2021

Previous article

Jobless claims hit new pandemic low, NY manufacturing notches record high

Next article

You may also like

Notify of
Inline Feedbacks
View all comments

More in Earnings