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Sep 30, 2020
United Airlines Q3 2020 Earnings Report
United Airlines shifted from surviving the COVID-19 crisis to positioning to lead the rebound.
Key Takeaways
United Airlines announced third-quarter 2020 financial results, demonstrating resilience through its three-pillar strategy: building liquidity, minimizing cash burn, and variabilizing costs. The company expects its third-quarter revenue performance to be the best among its large network competitors.
Raised over $22 billion since March through various financial instruments and the CARES Act.
Total available liquidity at the end of Q3 2020 was approximately $19.4 billion.
Reduced total operating costs by 59 percent versus the third quarter of 2019.
Net loss of $1.8 billion and an adjusted net loss of $2.4 billion.
United Airlines
United Airlines
United Airlines Revenue by Segment
Revenue by Segment
Passenger Revenue
CapyFin.comCargo Revenue
CapyFin.comOther Operating Rev Revenue
CapyFin.comRevenue & Expenses
Visualization of income flow from segment revenue to net income