United Airline’s first quarter of the year 2024 has not been profitable. The airline has reported a loss of $124 million US dollars, a drop compared to the previous profitable three quarters. However, it is an improvement compared to the financial performance of the same quarter last year.
United Airlines’ First Quarter 2024 Financial Performance
United Airlines’ financial performance has resulted in a loss in the first quarter of this year. In its latest release on the 16th of April, the airline reported a loss of 124 million US dollars in the three months up to 31st March 2024. This is a dip compared to the previous three quarters, which were profit-making (although the fourth quarter was slightly less so), contributing to an overall year-end profit for last year, which was three times more profitable than the previous year.
Nevertheless, the loss made in the first quarter of this year is still less than that made at the same time in the previous year. In…