New York United Airlines posted its third huge quarterly loss of the year, saying it is ready to"turn the page" and prepare for a recovery from the worst financial crisis ever faced by the airline industry.
The carrier posted a $2.4 billion loss excluding special items, slightly less the $2.6 billion it lost on that basis in the second quarter but a bit above analysts' forecasts. Its net loss of $1.8 billion also exceeded the previous quarter's loss. Shares of United were little changed in after-hours trading following the report.The losses are due to the massive drop in air travel brought about by the Covid-19 pandemic, which has decimated the aviation industry.
Maybe make flying more enjoyable experience might help. Take a row of seats out & quit nickle & dining customers.
Where’s the Biden story?