United Airlines targets pre-virus margins in 2023 after record loss

Cutting costs: An aircraft operated by United Airlines lands at Newark Liberty International Airport in New Jersey. United Airlines has identified US$1.4bil in permanent cost cuts, getting it more than halfway to its goal of US$2bil. — Bloomberg

NEW YORK: United Airlines Holdings Inc is mapping a recovery from last year’s record loss with a plan that calls for topping pre-pandemic profit margins in 2023.

This year would serve as a “transition” after the collapse in travel demand because of Covid-19, United Airlines said in an earnings statement.

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