United reports loss per share of $1.34 in Q2, down 77% YoY

Tuesday, 20. July 2021 22:40

United Airlines Holdings Inc. revealed on Tuesday that its diluted loss per share came in at $1.34 in the second quarter of fiscal 2021, representing a decrease of 77% compared to the same period in 2020.

The airline's total operating revenue soared 270.9% annually to $5.5 billion in the three months that ended on June 30, 2021, while the operating loss dropped 83.5% to $270 million. Meanwhile, net loss was 73.3% lower, standing at $434 million. Passenger revenue skyrocketed 541.1% year on year to $4.4 billion in the second trimester.

"As we emerge from the most disruptive crisis our company has faced, we're now focused squarely on our United Next strategy that will transform our customers' onboard experience and help fulfill United's incredible potential," CEO Scott Kirby noted.

United's stock decreased by 1.32% after-hours trading following the release of the earnings report.

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Author:
Baha Breaking News (BBN) / MS