United: Q1 Earnings Snapshot
By AP News
Published - Apr 16, 2024, 04:09 PM ET
Last Updated - Apr 16, 2024, 04:09 PM EDT
CHICAGO (AP) — CHICAGO (AP) — United Airlines Holdings Inc. (UAL) on Tuesday reported a loss of $124 million in its first quarter.
On a per-share basis, the Chicago-based company said it had a loss of 38 cents. Losses, adjusted for non-recurring costs, came to 15 cents per share.
The results topped Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for a loss of 53 cents per share.
The airline posted revenue of $12.54 billion in the period, also surpassing Street forecasts. Seven analysts surveyed by Zacks expected $12.43 billion.
