A United Airlines Boeing 737 Max 9 plane lands in Burlingame, California at San Francisco International Airport on March 13, 2019.
Justin Sullivan | Getty Images
United Airlines reported its fifth straight quarterly loss on Monday, although demand for travel has recently improved as vaccinations increase and governments loosen travel restrictions.
The company posted a first quarter net loss of $ 1.36 billion on $ 3.22 billion in revenue, which was nearly 60% down from the nearly $ 8 billion in revenue it generated in the first quarter of 2019. in at $ 7.50, above the $ 7.08 loss per share analysts expect.
Shares of United fell 1.6% in out-of-hours trading.
Here’s how United performed in the first quarter compared to what Wall Street expected, based on average estimates compiled by Refinitiv:
- Custom WPA: a loss of $ 7.50 versus an expected loss of $ 7.08 per share
- Total turnover: $ 3.22 billion versus projected $ 3.26 billion in revenue
Company executives will discuss the results Tuesday at 10:30 a.m. ET.
This is the latest news. Check back regularly for updates.