How Jim Cramer Is Approaching Airline Stocks After United Earnings
United Airlines (UAL) - Get Report posted earnings on Thursday, Jan. 21.
The company said its adjusted loss for the three months ending in December was pegged at $2.1 billion, or $7 per share, as operating revenues plunged 69% from the same period last year to $3.4 billion.
"Aggressively managing the challenges of 2020 depended on our innovation and fast-paced decision making. But, the truth is that COVID-19 has changed United Airlines forever," said CEO Scott Kirby. "The passion, teamwork, and perseverance that the United team showed in 2020 is exactly what will help us build a new United Airlines that's better, stronger, and more profitable than ever. I could not be prouder of – and more grateful to – this team, which is going to lead us there."
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