Profits for the second-largest carrier in the US have plummeted amid the ongoing pandemic due to a steep decrease in passenger demand, it was stated during the firm’s third quarter reports. United Airlines has reported adjusted losses per share of $8.16 compared to $4.07 last year, much lower than estimated of $7.53, Smarter Analyst reported on Thursday. According to the Chicago-based carrier, the airline’s average daily cash burn was $25m in Q3, down from $40m in the second quarter, due to a 59 percent reduction in operating costs. But revenues fell 78.1 percent year-on-year to $2.49bn, falling short of estimates of […]
IATA and ACI joint statement
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