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 reported its fifth consecutive quarterly loss on Monday, although travel demand has recently improved as vaccinations increase and governments relax travel restrictions.
The company posted a net loss of $ 1.36 billion for the first quarter, with revenue of $ 3.22 billion, which fell nearly 60% from its nearly $ 8 billion in sales in the first quarter. the first quarter of 2019. United’s adjusted earnings per share came to $ 7.50, above the $ 7.08 per share analysts expected.
United shares fell 1.6% on trading after the program.
Here’s how United performed in the first quarter compared to what Wall Street expected, based on average estimates compiled by Refinitiv:
- EPS adjusted: a loss of $ 7.50 compared to an expected loss of $ 7.08 per share
- Total income: $ 3.22 billion compared to projected revenue of $ 3.26 billion
The company’s executives will discuss the results in an ET call on Tuesday at 10:30.
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