United Airlines (UAL) earnings Q1 2023
United Airlines has reported a loss for the first quarter of 2019, but is forecasting a profit for the second quarter due to an expected increase in travel demand during the summer season. Adjusted earnings per share for Q2 are expected to range from $3.50 to $4, with revenues predicted to rise by 14% to 16% compared with 2018. United CEO Oscar Munoz credited the positive outlook to revenue growth, strong demand and cost-cutting measures. The airline’s Q1 earnings came in at a narrower adjusted loss per share of 63 cents, beating expectations of a 73 cent loss. Total revenue was also slightly above average estimates, reaching $11.43bn versus the predicted $11.42bn. United joins rival Delta Air Lines in reporting a strong travel demand despite predictions of an economic slowdown.
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