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Financial Results: Reported a net loss for the first quarter of 2021 under Generally Accepted Accounting Principles (GAAP) of $131 million, or $1.05 per share, compared to a net loss of $232 million, or $1.89 per share in the first quarter of 2020. Reported a net loss for the first quarter of 2021, excluding CARES Act Payroll Support Program (PSP) wage offsets, special items and mark-to-market fuel hedge accounting adjustments, of $436 million, or $3.51 per share, compared to an adjusted net loss of $102 million or $0.83 per share, in the first quarter of 2020. Decreased adjusted...

‘Many sleepless nights’: American exec discusses rebuilding route network after pandemic teardown Zach Griff © Provided by The Points Guy MSN has partnered with The Points Guy for our coverage of credit card products. MSN and The Points Guy may receive a commission from card issuers. Imagine being a network planning veteran who started at a different airline days before the coronavirus the entire industry. Well, that’s essentially what happened to Brian Znotins, who joined American Airlines as vice president of network planning in mid-January 2020, with more than 20 y...

Cargo, new passenger demand brighten United Airlines’ outlook Executives look past adjusted $2.4B Q1 loss as recovery picks up speed 0 35 2 minutes read United Airlines continues to reduce its negative cash flow, and sees breakeven in in its near future. (Photo: United Airlines) United Airlines (NASDAQ: UAL) increased cargo revenue by 74% in the first quarter compared to the same period in 2019, and officials expressed optimism about a near-term return to profitability despite an adjusted net loss of $2.4 billion as vaccinated customers rush to travel again after a year of isolati...

Share this article CHICAGO, April 19, 2021 /PRNewswire/ --  United Airlines (UAL) today announced first-quarter 2021 financial results. The company has its eyes on the future, making continued progress on its commitment to remove $2 billion in structural costs and investing in key customer programs that will position the airline to capitalize on the recovery of business travel and long-haul international demand. Following its return to positive core cash flow 1 in the month of March, the company is focused on returning to positive adjusted earnings before interest, taxes, depreciation and a...

Delta Air Lines became the first U.S. carrier to announce its first-quarter earnings for 2021, starting the year off with an overall loss, but with some positives to take from it. Following Generally accepted accounting principles or GAAP, the airline posted a loss of $1.5 billion for the first three months of the year. Operating […]