NASDAQ: United Airlines remains in the red – stocks are weaker ahead of trading
The corona crisis caused American airline United Airlines a significant loss at the end of the year.
The three months ending in late December ended with less than $ 1.9 billion (1.6 billion euros), as the company announced on Wednesday after the U.S. stock exchange closed in Chicago. A year ago there was a profit of $ 641 million. Sales slumped 69% by $ 3.4 billion.
In view of the pandemic, which has largely crippled air traffic, the results for the entire year have also been miserable. United Airlines suffered a loss of $ 7.1 billion in 2020 after earning $ 3.0 billion the previous year. Revenue fell 65 percent to $ 15.4 billion. The annual report disappointed market expectations, with the stock temporarily losing 2.17% to US $ 44.20 on the NASDAQ.