United Airlines (UAL) results 1Q21

Earnings


A United Airlines Boeing 737 Max 9 aircraft lands at San Francisco International Airport on March 13, 2019 in Burlingame, California.

Justin Sullivan | Getty Images

United Airlines on Monday reported its fifth consecutive quarterly loss, though travel demand has recently improved as vaccinations ramp up and governments loosen travel restrictions.

The company posted a $1.36 billion net loss for the first quarter on $3.22 billion in revenue, which fell nearly 60% from the close to $8 billion in sales it generated in the first quarter of 2019. United’s per-share loss on an adjusted basis came in at $7.50, above the $7.08 per share loss analysts expected.

United shares were off 1.6% in after-hours trading.

Here’s how United performed in the first quarter compared with what Wall Street expected, based on average estimates compiled by Refinitiv:

  • Adjusted EPS: a loss of $7.50 versus an expected loss of $7.08 a share
  • Total revenue: $3.22 billion versus expected $3.26 billion in revenue

The company’s executives will discuss results in a 10:30 a.m. ET call on Tuesday.

This is breaking news. Check back for updates.



Source link

Products You May Like

Articles You May Like

‘Cryptocurrency is promising, but invest with caution’
Roku pops 11% after reporting highest revenue growth rate since IPO
Keith Rabois, Elliot Management, and Goldman Sachs invest in Florida
Bill and Melinda Gates apparently had no prenup. Maybe you should
Loss not as bad as feared

Leave a Reply

Your email address will not be published. Required fields are marked *