Airlines
[ Airlines ]January 21, 2021 6:00 am ET
United Airlines Announces Fourth Quarter Earnings Results
United Airlines concluded a difficult year by announcing its fourth-quarter earnings results on Wednesday. Overall, the airline lost $7.069 billion in 2020, a drastic contrast from a $3 billion profit in 2019. According to CNBC, this year marked the largest annual loss for United since 2005. Cash Burn Down, but Revenue Issues Remain During Quarter 4 of 2020, the airline lost $1.897 billion, compared to a loss of $1.841 billion in Quarter 3. United Airlines had earnings per share (EPS)…