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— Airlines have taken a huge hit to revenue due to the steep drop-off in demand for air travel. Revenue for the April-June quarter at the parent of United Airlines was off more than 25 percent. Investors want to know when the revenue picture is going to improve. Kathryn Mikells, chief financial officer of United Airlines, discussed the issue in the company's second-quarter earnings conference call with analysts and reporters on Tuesday.
QUESTION: How and when do you get to revenue recovery?
RESPONSE: We don't give forward-looking guidance at this point in the quarter with respect to revenue. Clearly, what you're seeing on behalf of our performance is extraordinarily good cost control. That clearly better positions the company on a forward-looking basis as the economy starts to turn around.
