United Airlines Holdings reported Q1 earnings that missed analysts’ forecasts and revenue that came below estimates, according to a news release by United Airlines on Wednesday.
- United Airlines Holdings announced earnings per share of ($4.24) on revenue of $7.57 billion.
- United posted a loss of $1.4 billion in Q1 on revenue of $7.57 billion. That revenue level was way above the $9.59 billion it posted three years earlier but more than double the $3.22B from a year ago.
- The company paid $2.88 per gallon for fuel in Q1, an increase from $2.05 in 2019 and $1.74 last year. Excluding the costs of fuel, costs rose 18% over the same period of 2019.
- For Q2, United anticipates costs excluding fuel to rise 16% compared to 2019.
Airline books soared after the Covid-19 cases and then fell this winter, easing the turbulent start to 2022 for carriers. UAL up -8.64%, AAL up -10.52% Pre-market trading