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In what the company called “the most difficult financial quarter in its 94-year history,” United Airlines posted nearly $1.6 billion in losses in its second quarter earnings report.
Total operating revenues were down more than 87% year-over-year, a difference of nearly $10 billion.
“It was historic for the airline industry for all the wrong reasons,” said United CEO Scott Kirby, who called his brand’s earnings report the “least bad” and most accurate compared to its competitors.
“United believes it did the best job of matching actual capacity to demand among its largest network peers,” according to a statement from United.
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