airline
UNITED AIRLINES
+1.24%
closure:0
opening:46.27
High:46.94
low:45.75
cycle:—
Page Quote News Graphs Company Profile Recommendations
More articles on the subject:
Reporting first-quarter results, Barra missed analysts’ forecasts in the revenue segment, which totaled $ 7.57 billion compared to $ 3.22 billion in the first quarter of 2021, and an expectation of $ 7.6 billion in the first quarter, the company posted a loss of $ 4.24 per share Compared to a loss of $ 7.5 per share in the first quarter last year and a expected loss of $ 4.14 per share given by analysts.
The aviation sector was one of the most battered sectors of the corona plague. The public stopped flying and the companies incurred huge losses. Investors who understood where the wind was blowing fled from aviation stocks and these plunged by 50% and even more – and to this day have not returned to the price levels at which they traded before the corona.
According to the dry numbers, the company seems to have missed first quarter reports, which could cause investors to sell the stock, but the recovery in the corona period and against the background of jet fuel prices in the past year seem to be investors’ eyes on the future. Business in recent times.
Towards the second quarter, the airline expects a 17% increase in revenue, with a 10% growth in operating profit, numbers that will bring it closer to numbers in 2019 before the corona. Looking ahead, the airline reports that it expects to be profitable in 2022, noting the return of business travel, which for it is a crucial driver for growth. “The company also sees indications that business travel is returning rapidly and expects further improvement in international travel, including Asia.”
In terms of fuel prices, United paid $ 2.88 per gallon for fuel in the first quarter, 15 percent higher than the $ 2.51 gallon cost executives expected three months ago and 40 percent higher than it paid in 2019. United expects fuel prices to climb to $ 3.43 a gallon in the second quarter.
In an investor call made by the company, it announced that it had opened the United Aviation Academy in Goodyear, Ariz, with the aim of training 5,000 new pilots by 2030. It also expanded the service non-stop from New York to Cape Town in South Africa, renewing service to Berlin, Edinburgh, Scotland; Grand Cayman, Cayman Islands; Porto, Senegal; Singapore; And Shannon, Ireland.
United Airlines CEO Scott Kirby has stated: “We see clear evidence that the second quarter will be a historic turning point for our business”
These reports come after a report by Delta Airlines that reported a jump in revenue to $ 9.35 billion, well above expectations of $ 8.7 billion. Adjusted earnings per share were also better than analysts’ expectations of $ 1.23 per share, compared to an expected loss of $ 1.26 per share.
It will also soon report results as the company released preliminary results for the quarter and reports that it expects revenue of $ 8.89 billion, 16% less than in the first quarter of 2019, pre-Corona. This is a higher forecast than that of analysts who expect it to report revenue of $ 8.77 billion.
Comments on the article(0):
Your response has been received and will be published subject to system policies.
Thanks.
For a new response
Your response was not sent due to a communication problem, please try again.
Return to comment