United Airlines more than doubled its cargo revenue in the first quarter versus 2019. The passenger side is nearing full health too.
Ghost freighters — passenger planes flying without passengers — were a big part of United Airline’s pivot to cargo during the pandemic. Now they are going away.
United Airlines lost $1.6 billion in the second quarter. Given that a pandemic has hammered passenger travel, that’s relatively good. Company officials say maintaining capacity discipline for the foreseeable future is critical to get back to profitability.
United Airlines got pummeled by the coronavirus pandemic in the second quarter, losing $1.6 billion before special charges. But cargo revenue jumped because of the huge number of cargo flights it operated without passengers to worry about.
Mass layoffs can help a company survive the coronavirus recession for the time being, but the damage will hurt its long-term prospects, United CEO Scott Kirby says.
United Airlines’ new CEO is putting his stamp on the company right away with a new tteam to steer the company through the coronavirus pandemic and beyond.
Brett Hart served six months in 2015-16 as interim CEO of United Airlines while CEO Oscar Munoz recovered from heart surgery.
United Airlines is steeling itself for a worst-case scenario that leisure and business travelers will not resume flying anytime soon, even with coronavirus restrictions lifted.
United Airlines isn’t sugar-coating the airline industry’s economic reality. United expects to survive the coronavirus crisis, but business will be slim for months to come.
Airlines and analysts are lowering expectations for a quick bounce back in business this summer because there still is so much uncertainty about the coronavirus.
Four years ago, United Airlines was a mess and customers were not happy. Under CEO Oscar Munoz, UAL is flying high again.
