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United Releases Second-Quarter Financial Results; Expects Profitability* in the Third Quarter and Be

United Releases Second-Quarter Financial Results; Expects Profitability* in the Third Quarter and Be
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United Releases Second-Quarter Financial Results; Expects Profitability* in the Third Quarter and Beyond

United Releases Second-Quarter Financial Results; Expects Profitability* in the Third Quarter and Beyond
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United Releases Second-Quarter Financial Results; Expects Profitability* in the Third Quarter and Beyond

United Releases Second-Quarter Financial Results; Expects Profitability* in the Third Quarter and Beyond
prnewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prnewswire.com Daily Mail and Mail on Sunday newspapers.

United Releases First-Quarter Financial Results - Rebounding Demand is Driving Clear Path to Profitability

Share this article CHICAGO, April 19, 2021 /PRNewswire/  United Airlines (UAL) today announced first-quarter 2021 financial results. The company has its eyes on the future, making continued progress on its commitment to remove $2 billion in structural costs and investing in key customer programs that will position the airline to capitalize on the recovery of business travel and long-haul international demand. Following its return to positive core cash flow 1 in the month of March, the company is focused on returning to positive adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) margins, even if business and long-haul international demand remain as much as 70% below 2019 levels. United is already moving to capitalize on emerging pent-up demand for travel to countries where vaccinated travelers are welcome. In fact, the company announced new international flying to Greece, Iceland and Croatia earlier today, subject to government approval. These opp

United Announces 2020 Financial Results: 2021 Will Focus On Transition To Recovery; Expects To Exceed 2019 Adjusted EBITDA Margin By 2023*

Share this article Share this article CHICAGO, Jan. 20, 2021 /PRNewswire/  United Airlines (UAL) today announced fourth-quarter and full-year 2020 financial results. The company continues its efforts to lead the industry as it manages the most disruptive crisis in aviation history. Since the beginning of the COVID-19 crisis, United has raised over $26 billion in liquidity and made important progress in reducing core cash burn (see detailed chart below) to ensure the company s survival. Over the last three quarters, the company has identified $1.4 billion of annual cost savings and has a path to achieve at least $2.0 billion in structural reductions moving forward. United ended 2020 with $19.7 billion in available liquidity

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