United Airlines Q1 2020 Earnings Report
Key Takeaways
United Airlines announced first quarter 2020 financial results with a net loss of $1.7 billion and outlined efforts to manage through the most disruptive global crisis in the history of aviation. The company's total liquidity as of April 29, 2020, was approximately $9.6 billion. The company currently expects daily cash burn to average between $40 million and $45 million during the second quarter of 2020.
Took early and aggressive action intended to mitigate the impact of COVID-19.
Committed to no involuntary furloughs or reduced pay rates in the U.S. through Sept. 30, 2020.
Waived change fees for tickets purchased through May 31, 2020 for twelve months and waiving redeposit fees for MileagePlus award travel scheduled through May 31, 2020.
Since March 19, United Cargo has operated more than 800 cargo-only flights worldwide, bringing more than 28 million pounds of food and supplies to destinations worldwide.
United Airlines
United Airlines
United Airlines Revenue by Segment
United Airlines Revenue by Geographic Location
Forward Guidance
The company currently expects daily cash burn to average between $40 million and $45 million during the second quarter of 2020.
Revenue & Expenses
Visualization of income flow from segment revenue to net income