United Airlines Planning MileagePlus Minority-Stake Sale
United Airlines is planning to sell a minority stake in its frequent flier program MileagePlus, as per sources. One of the sources said that any minority stake in the MileagePlus subsidiary was expected to represent less than 15% of the portfolio with the airlines in...
United Beats on Q4 Earnings; Warns of Higher Costs in Q1
American carrier United Airlines reported stronger than expected earnings for Q4 ended December with revenues coming in at $8.19bn, above estimates of $7.96bn but 25% below Q4 2019 levels. Net loss for the airline narrowed to $646mn vs. a loss of $1.9bn in Q4 2020 and...
United Airlines and Aeromexico Report Q3 Results
United Airlines reported net income of $473mn in Q3 helped by a boost from $1.13bn in federal payroll aid, an improvement from its $1.8bn in losses in 3Q2020, but lower than its $1.02bn in 3Q2019. Q3 revenues stood at $7.75bn, down 32% from the same quarter in 2019....
