Transportation • Air Transportation & Traffic, Flying
2021-01-21T16:30:02+00:00

United Airlines posts a loss of $1.9 billion in the fourth quarter of 2020

United Airlines posts a loss of $1.9 billion in the fourth quarter of 2020
An United Airlines Boeing 737 Max 9 Credit: United Airlines

United Airlines Holdings Inc. late Wednesday posted its fourth straight quarter of losses, saying it expects its capacity to be down at least 51% in the current quarter. The company swung to a net loss of $1.9 billion during the last quarter of 2020, with operating revenue of $3.41 billion, compared with $10.9 billion a year ago.

United stock has lost about 50% in the past 12 months, contrasting with gains around 16% for the S&P 500 index.

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