United Airways Reviews $1.eight Billion Loss However Seems Forward to Friendlier Skies

Thursday, October 15, 2020

As the coronavirus continues to cost more money on air travel, airlines want to change their goals in preventing blood loss and preparing for recovery. United Airlines CEO Scott Kirby is optimistic, saying that recovery “is now almost over,” although recovery is still a long way off. “The light at the end of the road is far away, but here’s the change,” Kirby told reporters and reporters at the fourth meeting on Thursday. One reason for optimism is that United are now able to test passengers at the COVID-19 airport, which has a result in 15 minutes, to determine if a passenger is infected before boarding a plane. An urgent test is taking place at San Francisco airport for en route to Hawaii. If the test comes back unscathed, the traveler will not have to be isolated for 14 days after arriving in Hawaii, where the tropical island welcomes all who come. but meanwhile, the bloodshed continues, with United claiming that lower-than-expected air travel in the summer months contributed to the loss of nearly a quarter of almost $ 2 billion. On Tuesday, a Delta Air Lines partner reportedly lost more than $ 5 billion in the third quarter. Since March, the number of people flying in advertising has dropped. According to the industrial group Airlines for America, airline demand fell by 94% simultaneously in April and shortly after June and early July, demand dropped by 65% ​​- 70% in August and September compared to the same months last year. And I’m breaking the bottom line of the plane. According to United, total revenue fell 78% in the third quarter, while transportation costs fell 84% since July, August and September last year, when the airline earned more than $ 1 billion.

The bright spot was a 50% increase in flying costs. And even though United had reduced operating costs by about 60%, the airline cost $ 25 million a day for the third quarter. This has dropped to a $ 40 million daily betting rate in the second quarter. United began laying off 13,000 workers on October 1 when the government’s pay-per-view program ended, and negotiations to suspend them were suspended. United have promised to reimburse paid workers if Congress and the White House agree to provide additional aircraft soon. “We are not going through this until there is a mass vaccination, maybe by the end of next year, then we have (some) 12 months of pain, commitment and suffering in the future,” Kirby said. “But we have done what it takes in the first place to be confident, and we are very confident, to overcome the challenges and go the other way.” Aviation technicians and pilots say it looks like they need to fly, as most people are eager to fly and fly, even after a few trips. Expecting a break, a hot summer to trigger a resumption of flights But the biggest draw for United and its main rivals, Delta and America, has been a significant drop in the most lucrative business sector. Most business people like to reserve a place at the end of the day, even at the last minute, and are willing to pay higher prices for seating and living space. United say company travel has dropped by 85 to 90% due to the epidemic and company chief Scott Kirby said he did not expect it to recover as quickly as travel would be. “Business travel is very important for United,” Kirby said. “It was our bread and butter in the past. I think it will be our bread and butter in the future. those who trust Zoom, GoToMeeting, and other local video platforms instead of corporate and mobile conferences. “We are creatures. And I think. The essentials will come back,” Kirby said. “I’ve always wanted to say that the first time someone sold a salesman who came face to face and ended up trying to advertise on Zoom.”

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