![]() United predicted a similar decrease-between 65% and 70%-in the first quarter of 2021, a slightly more pessimistic view than the one expressed by Delta Air Lines last week.Īnalysts believe that Americans who have been cooped up since March are eager to travel again once it is safer. Revenue plunged 69% in the fourth quarter compared with a year earlier. Including debt and severance payments, the airline burned through $33 million in cash per day. United lost $7.1 billion in 2020, an amount exceeded only in 2005, when bankruptcy-related costs pushed the company to a $21 billion loss. airline passengers had been building slowly since May but was hammered again when COVID-19 cases began surging in the fall, causing health experts to beg people to stay home. The loss was wider than analysts expected.
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