United Airlines’ (NASDQ: UAL) cargo revenue grew 77% in the last three months of 2020, the third consecutive quarter of outsized gains for a division that normally represents just 2.5% of total revenue.
The Chicago-based carrier reported after Wednesday’s market close an adjusted net loss of $2.1 billion during the fourth quarter and a 69% drop in operating revenue to $3.4 billion, including $560 million in cargo revenue. Officials expressed confidence they had stabilized finances and created a...
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