Tuesday, April 27, 2021
UIA lost $161 million last year, a sharp reversal from $60 million profit in 2019

, the company reported to the National Securities and Stock Market Commission in advance of the airline’s May 28 2021 shareholders meeting. Accounts receivable almost doubled, to $80 million. UIA says it refunded passengers $26.5 million for unused tickets between April 2020 and January 2021.