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United Airlines Says It Lost $7.1 Billion In 2020 Due To Pandemic, Eyes Partial Recovery

United Airlines Says It Lost $7.1 Billion In 2020 Due To Pandemic, Eyes Partial Recovery
United Airlines Says It Lost $7.1 Billion In 2020 Due To Pandemic, Eyes Partial Recovery
All major US carriers lost significant sums in 2020, and to reduce costs, airlines have taken planes out of service and lowered employee headcount.
The airlines reported an annual loss of $7.1 billion compared with profits in 2019. (Representational)
New York:
United Airlines on Wednesday reported it took a hefty loss in 2020 following the devastating hit Covid-19 did to travel, but the carrier eyed a partial recovery in 2021.
United reported an annual loss of $7.1 billion compared with profits of $3.0 billion in 2019. The big US carrier said it expects 2021 to be a transition year thanks to coronavirus vaccines as it pledged to exceed pre-Covid profit margins by 2023. ....

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United Airlines Says It Will Be '100% Green' By 2050

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United Airlines says it plans to reduce its greenhouse gas emissions by 100 percent within three decades. (Courtesy of Rick Uldricks)
NEWARK, NJ It may take 30 years to get there, but United Airlines has set its sights on a lofty goal: going 100 percent green by 2050.
On Thursday, the airline – which maintains a hub at Newark Airport – announced that it s pledging to reduce its greenhouse gas (GHG) emissions by 100 percent within three decades.
According to the company, it s not going to rely on indirect measures such as carbon offsetting, which remains a controversial way of fighting pollution. Instead, United will make a multimillion-dollar investment in Direct Air Capture technology and will continue to develop sustainable aviation fuel. ....

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