Aviation Featured Transport

United Airlines posts $1.4bn Q1 loss

United Airlines has reported a 1.4-billion-dollar loss for the first quarter of the year, as the coronavirus crisis continues to hit air travel.

A year earlier, the Chicago-based airline saw 1.7 billion dollars in losses.

Compared to 2020, revenue fell by 60 per cent to 3.2 billion dollars.

The company held out the prospect of returning to profitability in the course of the year, but its stock initially fell by 1.5 per cent after trading.

Analysts had not expected such high losses

Related posts

FMDQ participation in Naira-settled OTC FX futures stem currency devaluation — Emefiele

Editor

Aviation unions condemn unlawful remand of pilots, essential services workers by Rivers govt.

Abisola THOMPSON 

Real Madrid’s woes deepen with surprise home defeat by Real Sociedad

Editor

2023: Jonathan’s fate sealed as Okorocha’s hangs in the balance

Our Reporter

Saraki affirms Senate’s commitment to passage of Police Reform Bill

Editor

Nigeria needs 30,000MW generation for stable electricity supply — association

Our Reporter