Categories AlphaGraphs, Earnings, Industrials

Everything you need to know about United Airlines’ (UAL) Q1 report

United Airlines Holdings, Inc. (NYSE: UAL) reported a wider loss for the first quarter of 2021 when the aviation giant’s revenues declined in double digits. The results also missed analysts’ estimates.

United Airlines Q1 2021 earnings infographic

The airline incurred a loss of $7.50 per share in the first quarter, on an adjusted basis, which is wider than the $2.57-per share loss recorded last year. The reported loss was $1.36 billion or $4.29 per share, compared to a loss of $1.7 billion or $6.86 per share in the first quarter of 2020. The bottom line also missed the Street view.

The dismal outcome reflects a 60% fall in first-quarter revenues to $3.22 billion. Analysts were looking for a slightly slower contraction.

Read management/analysts’ comments on UAL’s Q1 results

Shares of United Airlines closed Monday’s regular trading lower and continued to lose during the extended session.

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