United Airlines Holdings, Inc. (NYSE: UAL) reported fourth quarter 2020 earnings results today.
Total operating revenues declined 69% year-over-year to $3.4 billion.
The company reported a net loss of $1.9 billion, or $6.39 per share, compared to earnings of $641 million, or $2.53 per share, last year. Adjusted net loss was $2.1 billion, or $7.00 per share.
For the first quarter of 2021, total operating revenue is expected to be down 65-70% versus the first quarter of 2019. Capacity is expected to be down at least 51% versus Q1 2019.