United Upbeat on 2021 Despite $1.8 Billion Q3 Loss | Aviation International News

United Upbeat on 2021 Despite $1.8 Billion Q3 Loss

Carrying $19 billion in liquidity, United Airlines expects to resume positive cash flow before any other network carrier.

A United Airlines Boeing 737-800 arrives at San Francisco International Airport from Seattle. United began offering Covid testing at SFO on October 15 for passengers flying to Hawaii. (Photo: Flickr: Creative Commons (BY-SA) by InSapphoWeTrust)

By Gregory Polek • Senior Editor

October 15, 2020

United Airlines struck a comparatively positive tone Thursday in characterizing its progress toward recovery from Covid-19, even while reporting a net loss of $1.8 billion during the third quarter. Speaking during the company’s third-quarter earnings call, United CEO Scott Kirby claimed UAL has responded better than any airline in the world to the crisis, noting its expectation of returning to positive cash flow “when the demand environment recovers” and before any network carrier. Carrying $19.4 billion in liquidity at the end of the quarter, the airline does not expect to retire any aircraft in the near future and, according to Kirby, has turned its focus from simple survival to recovery mode.

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