Sumary of United Airlines narrows losses, plans to ramp up flying to meet strong travel demand:
- A United Airlines Boeing 737 Max 9 aircraft lands at San Francisco International Airport on March 13, 2019 in Burlingame, California.
- Justin Sullivan | Getty ImagesUnited Airlines on Tuesday reported higher second-quarter revenue and narrowed its losses thanks to a resurgence in air travel, the latest carrier to issue a brightening outlook for one of the pandemic’s most battered sectors.
- The Chicago-based airline said it expects to generate positive adjusted pretax income for the third and fourth quarters and that it plans to ramp up flying in response to higher travel demand.
- Delta Air Lines and American Airlines last week also said they have seen an improvement in bookings and financial results.
- United’s revenue of $5.47 billion for the three months ended June 30, was down by more than 50% from the same quarter of 2019 but up nearly 70% from the first quarter of the year as U.S. officials rolled out Covid vaccines broadly this spring, attractions reopened and more customers returned to air travel.
- However, United still posted a net loss of $434 million, its sixth consecutive quarterly loss, in the three months ended June 30. In the first three months of 2021, United lost nearly $1.4 billion.