A Boeing 737 Max 9 aircraft of United Airlines lands on March 13, 2019 in Burlingame, California, at the San Francisco International Airport.
Justin Sullivan | Getty Images
United Airlines reported its fifth consecutive quarterly loss on Monday, although travel demand has recently improved as vaccinations increase and government travel restrictions weaken.
The company posted a net loss of $ 1.36 billion for the first quarter to $ 3.22 billion in revenue, down nearly 60% from the nearly $ 8 billion in sales it generated in the first quarter of 2019 has. The loss per share of United on an adjusted basis came in at $ 7.50, above the $ 7.08 per share loss analysts had expected.
United shares declined 1.6% in after-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 VPA: a loss of $ 7.50 versus an expected loss of $ 7.08 per share
- Total income: $ 3.22 billion versus expected revenue of $ 3.26 billion
The company’s board members will discuss in a 10:00 a.m. ET call on Tuesday.
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