To no one’s surprise United Airlines today said it lost $434 million, or $1.34 per share in the second quarter ended June 30th, but signaled that it expects to be profitable, at least on a pre-tax basis, in both the third and fourth quarters ahead.
The second quarter loss was the sixth-straight quarterly loss for the Chicago-based carrier, with all of those resulting form the unprecedented impact on travel demand and revenue of the Covid-19 pandemic. In 2020’s second quarter, the airline lost 1.63 billion. In the first quarter of this year it posted a $1.4 billion loss.
The dramatic improvement in United’s financial results from the first
→ Continue reading at Forbes