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United Sinks as Airline Says It Can’t Predict Rebound Timing
Bloomberg 1/21/2021 Justin Bachman
(Bloomberg) United Airlines Holdings Inc. sank after saying it couldn’t predict when a demand rebound would improve results, a cautious outlook that contrasted with Delta Air Lines Inc.’s forecast last week that it would break even on a cash-flow basis in the second quarter.
This year will serve as a “transition” after the collapse in travel caused by the coronavirus pandemic, United said as it reported fourth-quarter earnings. While pent-up demand will spur more leisure bookings later this year, United declined to bet on a specific timetable.