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UAL Earnings: United Airlines Q4 revenue Jumps; net loss narrows

Aviation giant United Airlines Holdings, Inc. (NYSE: UAL) reported a narrower net loss for the fourth quarter of 2021 as the company’s revenues more than doubled during the period. The results also beat analysts’ estimates.

United Airlines Q4 2021earnings infographic

The airline incurred a loss of $1.60 per share in the fourth quarter, on an adjusted basis, which is narrower than the $7.00-per share loss recorded last year. The reported net loss was $646 million or $1.99 per share, compared to a loss of $1.89 billion or $6.39 per share in the fourth quarter of 2020. The bottom line also beat the Street view.

Fourth-quarter operating revenues more than doubled year-over-year to $8.19 billion. Analysts were looking for slower growth.

Read management/analysts’ comments on UAL’s Q4 results

Shares of United Airlines closed Wednesday’s regular trading lower and lost further during the extended session, immediately after the announcement.

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