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United Airlines reports fifth consecutive quarterly loss while travel demand starts to recover – CNBC

United Airlines reported a fifth consecutive quarterly loss but said travel demand has rebounded recently.

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United Airlines on Monday reported its fifth consecutive quarterly loss, though travel demand has recently improved as Covid-19 vaccinations ramp up and governments loosen travel restrictions.
The company posted a $1.36 billion net loss for the first quarter on $3.22 billion in revenue, which fell nearly 60% from the close to $8 billion in sales it generated in the first quarter of 2020. United’s per-share loss on an adjusted basis came in at $7.50, compared with the $7.08 per share loss analysts…

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