Stock Groups

United Airlines (UAL) reports quarterly results

[ad_1]

A plane takes off at O’Hare International Airport in Chicago on January 18, 2022.

Getty Images| Getty Images

United AirlinesThe increase in Covid-19-related infections in the last week has affected bookings and will delay the country’s recovery from the pandemic.

The increase in demand for travel helped to boost revenues and reduce losses during the final three months. Customers flew in holiday season after several delayed 2020 trips. Analysts had predicted that the fourth quarter would see sales of $7.97 trillion, but $8.19 billion was actually higher than what they saw.

Delta Air LinesLast week, the Omicron variant also affected bookings in early 2015 and would cause it to lose its first quarter. However, it was expected that it will be profitable. profitable by March. American AirlinesBefore the market opens Thursday, there will be reports.

This is how United performed in fourth quarter comparison to Wall Street’s expectations, using average estimates from Refinitiv.

  • Share adjustments: A loss of $1.60 is less than the expected loss of 2.11
  • Revenue total: $8.19 billion versus expected $7.97 billion.

United executive will be holding a telephone conference with analysts on Thursday, October 10, at 10:30 am. ET.

This is the latest news. Stay tuned for new updates.

[ad_2]