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This statistic highlights United Airlines Holdings’ Revenue by Region, split across the domestic regions, the Atlantic, the Pacific and Latin America, reported annually from 2013 onwards.
United Airlines Holdings’ Revenue by Region
|Revenue by Region||2018||2019||2020||Contribution in 2020|
(All figures in billions, except percentages)
The total revenue of United Airlines decreased from $37.70 billion to $15.36, from 2018 to 2020, marking a fall of approximately 59.3% in just two years. The revenue also fell from $43.26 billion to $15.36 billion, from 2019 to 2020, leading to a 64.5% fall in revenue in a year. On the contrary, the revenue grew by $5.56 billion between 2018 and 2019, from $37.7 billion in 2018 to $43.26 billion in 2019, marking a growth of about 14.7% in revenue in a year.
All the regions saw a decline in revenue in 2020 when compared to 2019 or 2018. This was all the effect of the Covid-19 pandemic. The measures implemented by the government in response to the pandemic had an adverse impact on the airline industry. Travel advisories & restrictions and limited public gatherings led to a decline in the ticket revenue for both leisure and business purposes. The company experienced heavy falls in the demand of passengers due to the novel coronavirus in 2020. The company reduced its capacity by 57% in 2020 as compared to 2019. The full impact of the pandemic will depend upon future developments like travel restrictions, vaccine efficacy, lockdown measures, testing requirements, etc which are all very uncertain.
The domestic region including parts of the USA and Canada. This region had the highest share of 64.52% in the company’s total revenue in 2020. The revenue from this region too fell by approximately 57.8% from 2018 to 2020. The revenue fell by $17.05 billion from 2019 to 2020, marking a 63.2% fall in revenue in just a year. On the contrary, the revenue grew by $3.47 billion from 2018 to 2019, representing a growth of about 14.8% in revenue.
This region accounted for a 14.52% share in the company’s total revenue in 2020. The revenue from this region fell by about 66% from 2018 to 2020. It also fell by $5.16 billion from 2019 to 2020, marking a 70% fall in revenue in a year. On the other hand, the revenue grew by approximately 13% from 2018 to 2019.
This region accounted for a share of 11.13% in the company’s total revenue in 2020. The total revenue fell by $2.76 billion from 2018 to 2020, leading to a 61.7% fall in revenue. The revenue also fell by $3.42 billion from 2019 to 2020, marking a 66.7% decline in revenue. On the contrary, the revenue grew by $0.66 billion from 2018 to 2019, leading to a 14.8% growth in revenue.
Latin America contributes the least share to the company’s total revenue in 2020, accounting for 8.93%. The total revenue from this region fell by $1.69 billion from 2018 to 2020, marking a 52.8% fall in revenue. The revenue also fell by $2.27 billion from 2019 to 2020, representing a fall of 60% in revenue in just a year. The revenue grew by $0.58 billion from 2018 to 2019, marking a growth of 18%.
About United Airlines Holdings Inc
United Airlines Holdings is a holding company and its wholly-owned subsidiary and principal is United Airlines. The main operations of the company are transporting cargo as well as people, in parts of North America, Europe, Africa, the Pacific, Latin America, The Middle East as well as Asia. The company has its headquarters in Chicago, Illinois. Almost all of the company’s hubs are located in large population centers and hence there is large origin and destination traffic. The company is also a member of the world’s largest alliance network-Star Alliance. The common stock of the company is publicly traded on the NASDAQ under the symbol “UAL” and is a component of the DJTA and S&P 500.
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