US airlines report loss of 11 bln USD in second quarter
Web Editor:國際日報 International Daily News
As one of the industries hardest hit by the COVID-19 outbreak, U.S. airlines reported a second-quarter net loss of 11 billion U.S. dollars, which doubles the loss in the first quarter, according to the statistics released by the United States Department of Transportation on Monday.
It represented the second consecutive quarterly losses following 27 consecutive quarterly after-tax net profits and 35 consecutive quarterly pre-tax operating profits.
The net loss in the first quarter was 5.2 billion U.S. dollars.
Impacted by the COVID-19 crisis, multiple U.S. airlines have recently warned of further downsizing their workforce.
The United Airlines recently announced that it plans to furlough more than 16,000 employees in October due to COVID-19.
The American Airlines has also announced that it will lay off more staff in October once federal aid expires with no sign of air travel rebound.
The total number of COVID-19 cases in the United States surpassed 6.55 million on Monday, with the death toll reaching 194,443 as of 20:00 Eastern Standard Time (00:00 GMT Tuesday), according to the Center for Systems Science and Engineering (CSSE).