United Airlines has posted its third huge quarterly loss of the year. The carrier posted a $2.4 billion loss excluding special items, slightly less the $2.6 billion it lost on that basis in the second quarter but a bit above analysts' forecasts.
New York United Airlines posted its third huge quarterly loss of the year, saying it is ready to"turn the page" and prepare for a recovery from the worst financial crisis ever faced by the airline industry.
The carrier posted a $2.4 billion loss excluding special items, slightly less the $2.6 billion it lost on that basis in the second quarter but a bit above analysts' forecasts. Its net loss of $1.8 billion also exceeded the previous quarter's loss. Shares of United were little changed in after-hours trading following the report.The losses are due to the massive drop in air travel brought about by the Covid-19 pandemic, which has decimated the aviation industry.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
United Airlines posts wider-than-expected loss in pandemic slump, cuts cash burnThe coronavirus pandemic pushed United Airlines to a wider-than-expected third-quarter loss but the carrier was able to trim cash burn.
Weiterlesen »
Stocks making the biggest moves after hours: United Airlines, Fastly & moreThese are the stocks posting the largest moves after hours on Wednesday.
Weiterlesen »
United Airlines slashes costs to prepare for eventual COVID-19 reboundUnited Airlines said on Wednesday it cut operating costs by 59% in the third quarter and had nearly $20 billion of liquidity to position it for an eventual recovery from the COVID-19 crisis that has hammered global airlines.
Weiterlesen »
Lily James reappears and is all smiles as Dominic West and wife show united frontLily James reappears and is all smiles as Dominic West and wife show united front
Weiterlesen »
A New Film Exposes Just How Badly The United States Mishandled COVID-19See an exclusive clip from the new documentary 'Totally Under Control,' which chronicles the Trump administration's response to the coronavirus pandemic.
Weiterlesen »