United Airlines Says the Worst Is Over. Here's Its Plan to Win the Recovery
United Airlines Holdings (NASDAQ: UAL) was among the first to sound the alarm on how bad the COVID-19 pandemic would be for the industry. The airline's third-quarter results were a fresh reminder of how accurate that call was, but what stood out on the post-earnings call that followed was a subtle shift toward optimism and talk that the worst is now over.
United lost $1.8 billion on revenue of $2.49 billion in the quarter as sales fell 78% year over year. The airline bled through about $25 million per day as traffic fell by 83%.
Investors knew going in that the quarter would be a mess. What matters is the outlook, and on that subject United management was surprisingly upbeat.
Source Fool.com
