An American airline loses $ 7.1 billion in a year

United Airlines announced that the "Covid-19" pandemic, which caused severe damage to the travel sector in the United States and around the world, incurred losses of $ 7.1 billion last year, indicating that it nonetheless expects a partial recovery in 2021.

The company said in a statement that it "incurred in 2020 losses of $ 7.1 billion, while in 2019 it achieved $ 3 billion in profits."

United Airlines pointed out that it expects 2021 to be a "transitional" year thanks to the vaccines against the emerging "Corona" virus, while it expects to achieve by 2023 profit margins that exceed those achieved in the pre-"Covid-19" stage.

Follow our latest local and sports news, and the latest political and economic developments via Google news