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United Airlines tumbles after posting another big loss, warning about weak demand – CNBC

United Airlines CEO Scott Kirby remained cautious about a recovery in air travel and declined to project when the carrier will break even.

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United Airlines CEO Scott Kirby said Thursday that many more people need to receive coronavirus vaccines before travel demand returns, highlighting difficult months ahead for the industry.
United’s shares were down more than 5.5% in morning trading, more than any other stock in the S&P 500. The airline posted a $1.9 billion loss after the market closed on Wednesday, marking its fourth quarterly loss in a row.
“Until we can put as a society coronavirus in the rearview mirror, it’s going to continue…

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