NEW YORK: United Airlines on Wednesday reported it took a hefty loss in 2020 following the devastating hit Covid-19 did to travel, but the carrier eyed a partial recovery in 2021.
United Airlines Says It Lost $7.1 Billion In 2020 Due To Pandemic, Eyes Partial Recovery United Airlines Says It Lost $7.1 Billion In 2020 Due To Pandemic, Eyes Partial Recovery All major US carriers lost significant sums in 2020, and to reduce costs, airlines have taken planes out of service and lowered employee headcount.
The airlines reported an annual loss of $7.1 billion compared with profits in 2019. (Representational)
New York:
United Airlines on Wednesday reported it took a hefty loss in 2020 following the devastating hit Covid-19 did to travel, but the carrier eyed a partial recovery in 2021.
United reported an annual loss of $7.1 billion compared with profits of $3.0 billion in 2019. The big US carrier said it expects 2021 to be a transition year thanks to coronavirus vaccines as it pledged to exceed pre-Covid profit margins by 2023.