United Airlines lost $1.6 billion last quarter — a three-month outcome that was slightly better than analysts' dire expectations. Still, the company's revenue was down nearly 90% compared with what it was bringing in a year ago.
New York United Airlines lost $1.6 billion last quarter — a three-month outcome that was slightly better than analysts' dire expectations.
Still, the company's revenue was down nearly 90% compared with what it was bringing in a year ago. It's just the latest evidence that the air travel industry is facing a devastating financial outlook with no end in sight as Covid-19 cases spike in some areas of the United States.United emphasized in a press release that it's been able to slow the rate at which it is burning through cash, even as many of its planes remain in storage and ticket sales have slumped.
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