United Airways (UAL) outcomes 1Q21

United Airways (UAL) outcomes 1Q21

A United Airways Boeing 737 Max 9 plane lands at San Francisco Worldwide Airport on March 13, 2019 in Burlingame, California.

Justin Sullivan | Getty Pictures

United Airways on Monday reported its fifth consecutive quarterly loss, although journey demand has just lately improved as vaccinations ramp up and governments loosen journey restrictions.

The corporate posted a $1.36 billion internet loss for the primary quarter on $3.22 billion in income, which fell practically 60% from the near $8 billion in gross sales it generated within the first quarter of 2019. United’s per-share loss on an adjusted foundation got here in at $7.50, above the $7.08 per share loss analysts anticipated.

United shares have been off 1.6% in after-hours buying and selling.

This is how United carried out within the first quarter in contrast with what Wall Road anticipated, based mostly on common estimates compiled by Refinitiv:

  • Adjusted EPS: a lack of $7.50 versus an anticipated lack of $7.08 a share
  • Whole income: $3.22 billion versus anticipated $3.26 billion in income

The corporate’s executives will focus on ends in a ten:30 a.m. ET name on Tuesday.

That is breaking information. Examine again for updates.

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