United Airlines speaks of the most difficult quarter in its 94-year company history, the bare figures are terrifying: In the past quarter, revenue collapsed by 87 percent. The bottom line is a loss of billions – and the airline burns millions every day.
The US airline United Airlines continued to be heavily impacted by the corona pandemic in the second quarter. Around $ 40 million was lost each day in the three months to late June, United said.
Overall, adjusted net income was negative at $ 2.6 billion. The airline had earned over a billion dollars last year. Revenue plunged 87 percent to $ 1.5 billion.
It was "the most difficult quarter in the company's 94-year history," said United Airlines. The corona crisis has almost brought air traffic to a standstill and has caused many airlines to face severe financial difficulties. After all, United now sees a slight recovery: in the current quarter, only around $ 25 million should be lost per day.