“United Airlines Reports ‘Most Difficult’ Quarter in Nearly 100 Years”
July 22, 2020
“Typically, when a public company reports earnings, it highlights a positive in its release, no matter how much money it lost in the previous three months. But on Tuesday, United Airlines did not spin, telling investors it recently completed “the most difficult financial quarter in its 94-year-history.”
United reported a net loss of $1.6 billion, and an adjusted net loss of $2.6 billion. Its revenue for the quarter, which ended June 30, decreased by almost $10 billion, or 87.8 percent, year-over-year…”
https://finance.yahoo.com/news/united-airlines-reports-most-difficult-222524862.html