United Airlines expects to report a $2.1 billion pretax loss in the first quarter, as the coronavirus pandemic decimated demand
United Airlines Holdings Inc. expects to report a $2.1 billion pretax loss in the first quarter, as the coronavirus pandemic decimated demand.
The results are the first indication of the severity of the impact that travel restrictions, stay-at-home orders, and growing fears of travel had on airlines as they accelerated in the last month of the quarter. United said it lost about $100 million in revenue a day in the last two weeks of March compared with the previous year, and plans to cancel all but 10% of flying in May to match...
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