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United Airlines Closes 2020 with a US$7bn Negative Balance

MIAMI – United Airlines (UA) closes 2020 with an overall loss of US$7bn, declaring a loss of US$1.9bn in Q4 and losing US$33m per day.

As a result, the Chicago-based airline plans a US$2bn cut due to the crisis generated by the pandemic. A common theme, airlines around the world hope vaccinations will roll out quickly to reopen as many flights as possible this year. However, everything hangs on the rate of vaccine production by various pharmaceutical companies.

United Airlines. Photo Luca Flores

Statement from United Airlines

The carrier stated that “2021 would be a “transition year that’s focused on preparing read more ⇒

Source:: “Airways Magazine”

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