United Airlines Beats Expectations As International Travel Demand Gives It a Boost

StreetInsider2023-04-19

United Airlines Holdings Inc (NASDAQ: UAL) reported better than expected first quarter results and forecast a profitable second quarter on a surge in travel demand.The carrier reported revenue of $...

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Analysts expected a first-quarter loss of 73 cents on sales of $11.42B.The company was positive on the second quarter, forecasting earnings per share of $3.50 to $4 and a revenue gain of 14% to 16% from the same quarter last year. It said international travel demand was growing twice as fast as domestic demand.United affirmed its view for full-year earnings of $10 to $12 a share. Analysts expect full-year 2023 earnings per share of $8.56 on revenue of $53.02B.Shares rose 1.4% in after-hours trading and are up 14% so far this year.In March, United forecast a quarterly loss in a range of 60 cents to $1 a share, blaming higher fuel prices and lower demand in the first two months of the year. 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