United Airlines Says Revenue Fell Almost 90% in Second Quarter

By Paul Riegler on 21 July 2020
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United Airlines announced financial results for the second quarter of 2020.

Calling it “the most difficult quarter” in its history, the Chicago-based airline said that its operating revenue was $1.5 billion, down 87% compared to the same quarter one year earlier.

United also reported that it lost $1.6 billion in the second quarter, compared to a $1 billion profit in Q2 2019.

The airline said that the dramatic decline was due to the impact of the coronavirus pandemic on the travel industry.

“I am grateful for the professionalism and dedication of our United team members who persevered through a historic and challenging period to deliver for our customers,” said Scott Kirby, the airline’s CEO, in a statement.

(Photo: Accura Media Group)

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