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 reported on Monday its fifth consecutive quarterly loss, although travel demand has recently improved as vaccinations increase and governments relax travel restrictions.
The company posted a net loss of $ 1.36 billion during the first quarter with $ 3.222 billion in revenue, which fell nearly 60% from nearly $ 8 billion in sales it generated in the first quarter of 2019 United’s loss per share was adjusted to $ 7.50, above the $ 7.08 per expected share loss.
United shares fell 1.6% in out-of-hours trading.
Below is United’s performance in the first quarter compared to what Wall Street expected, according to average estimates compiled by Refinitiv:
- EPS adjusted: a loss of $ 7.50 versus an expected loss of $ 7.08 per share
- Total income: $ 3,222 million compared to projected revenue of $ 3,266 million
Company executives will discuss the results in an ET call at 10:30 a.m.
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