A United Airlines Boeing 737 Max 9 plane 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, although journey demand has not too long ago improved as vaccinations ramp up and governments loosen journey restrictions.
The firm posted a $1.36 billion internet loss for the primary quarter on $3.22 billion in income, which fell almost 60% from the near $eight 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 had been off 1.6% in after-hours buying and selling.
Here’s how United carried out within the first quarter in contrast with what Wall Street anticipated, based mostly on common estimates compiled by Refinitiv:
- Adjusted EPS: a loss of $7.50 versus an anticipated loss of $7.08 a share
- Total income: $3.22 billion versus anticipated $3.26 billion in income
The firm’s executives will focus on ends in a 10:30 a.m. ET name on Tuesday.
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