United Airlines executives will hold a call with analysts at 10:30 a.m. ET Wednesday.A United Airlines Boeing 777-200 aircraftposted a $1.63 billion net loss for the second quarter, driven by a plunge in air travel demand because of the coronavirus pandemic, the carrier said Tuesday.
Revenue fell more than 87% from a year earlier to $1.48 billion from a in the three months ended June 30, compared with analysts' estimates for sales of $1.32 billion. The Chicago-based carrier and other large-airline competitors that spent years building up their networks are grappling with what are expected to be long-lasting impacts of the pandemic.
United said it expects to reduce its cash burn to $25 million a day in the third quarter from an average daily burn of $40 million in second quarter. The carrier has slashed thousands of flights and parked hundreds of planes to cut its cash burn.United's shares were down 1.4% in postmarket trading. United executives will hold a call with analysts to break down their results and outlook at 10:30 a.m. ET Wednesday.
Good for their asses they never gave me back my money 💴 & they never let me use the fairy tale tickets they were supposed to give me for the pet ticket they charged to my account 4 damn times
If UAL goes belly-up, when this is over, some other group would fill the gap. No bailout for them.
Winning. Meanwhile the idiot in chief is deploying his Gestapos to beat up American citizens.
OK, nobody saw this coming?
BUllish , FEd buy all , no problem
Wow breaking news. Duhhhh