United Airlines Holdings Inc on Wednesday stated that it anticipates that the coronavirus pandemic will continue to weigh on travel demand this year as the airline turns its focus to rebuilding itself.United reported a net loss of $1.9 billion for the fourth quarter, compared with a profit of $641 million in the same period a year earlier. Altogether, United lost $7.1 billion in 2020.While the outlook for the next few months remains dim to airlines. United stated that it has gotten a handle on how to survive its immediate challenges and outlined the wide strokes of its plan to surpass its 2019 profit margins by 2023, through a combination of returning travel revenue and cost-reduction. United’s losses come almost a week after Delta Air Lines Inc. stated that it lost $12 billion in the last year, also its worst-ever yearly performance. Two airlines’ dismal results reflect the damage the pandemic has inflicted on airlines. Carriers including Southwest Airlines Co. and American Airlines Group Inc. are in place to report fourth-quarter results next week.