Peter McNally Breaks Down United Airlines (UAL) Earnings
Peter McNally says the airline industry overestimated the pace of the recovery throughout 2020, therefore they are taking down numbers in 2021. He thinks the recovery won't fully occur until the vaccines are widely available and the international borders are open to travel. He says United's daily cash burn was better than their guidance. He says the street is looking for positive EBITDA in the second quarter for United.
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Peter McNally Breaks Down United Airlines (UAL) Earnings
Peter McNally says the airline industry overestimated the pace of the recovery throughout 2020, therefore they are taking down numbers in 2021. He thinks the recovery won't fully occur until the vaccines are widely available and the international borders are open to travel. He says United's daily cash burn was better than their guidance. He says the street is looking for positive EBITDA in the second quarter for United.