United Airlines Says Revenue Is Down By $100M a Day Because Of Coronavirus
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April 3, 2020 - by Edward Russell for thepointsguy.com
Daily revenues at United Airlines have plummeted along with passenger numbers as travelers heed warnings to "flatten the curve" and stay home amid the novel coronavirus pandemic.
The Chicago-based carrier's revenue is down by "over $100 million a day" as planes fly with around just 15% of seats filled this week, United president Scott Kirby told employees in a virtual town hall viewed by TPG on Thursday. This comes even as the airline slashes nearly 70% of its schedule in April with further cuts likely for May.
A revenue drop of that much, even with some cost savings, is a dire place for any business to be.
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