reported a $1.9 billion loss in the fourth quarter, slightly worse than expected. United also gave a slightly more pessimistic first-quarter outlook than rival Delta Air Lines did just last week.The January-through-March period is a slow time for air travel even in normal years, but United said first-quarter revenue will be down 65% to 70% from a year ago.
That prediction was five points worse than Delta forecast and implied no real improvement over United’s fourth quarter.United executives also declined to say when they expect to break even after losing $7.1 billion in 2020.