United Airlines Holdings Inc. said Wednesday it expects the corona virus epidemic to continue to weigh on travel demand this year as the airline focuses on rebuilding itself.
United posted a net loss of 1. 1.9 billion in the fourth quarter, compared to a profit of 64 641 million in the same period a year earlier. In total, the United States lost 1 7.1 billion in 2020.
Although the outlook for the airlines has been bleak for the next few months, United said it has gained a handle on how to avoid its immediate challenges by 2023 by combining return trips. Has outlined its plan to exceed its 2019 profit target. Reduction in revenue and expenses.
“Aggressively managing the challenges of 2020 depends on our innovation and speedy decision-making. But the reality is that Coveid-19 has changed United Airlines forever,” said Scott, chief executive of United Airlines. Kirby said.
Delta Airlines Inc. said it lost billion 12 billion last year, its worst annual performance since nearly a week after United’s losses. The disappointing results of the two airlines reflect the damage done to the airlines by the epidemic. Carriers, including Southwest Airlines and American Airlines Group Inc., are set to report fourth-quarter results next week.