Because of the corona pandemic, the US airline continues to write in the red.
(Photo: Reuters)
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Chicago The corona crisis caused the US airline United Airlines a high loss at the end of the year. The three months to the end of December ended with a net loss of 1.9 billion dollars (1.6 billion euros), as the company announced on Wednesday after the US stock market closed in Chicago. A year ago there was a profit of $ 641 million. Sales collapsed 69 percent by $ 3.4 billion.
In view of the pandemic, which largely brought air traffic to a standstill, the results for the full year were also miserable. United suffered a loss of $ 7.1 billion in 2020, after making $ 3.0 billion the previous year. Revenues fell 65 percent to $ 15.4 billion. The annual report disappointed the market expectations, the share turned into the red after hours.
More: Delta posts $ 12 billion in annual losses
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