The carrier, which has 14 of Boeing's 737 Max jets in its fleet, has grounded the aircraft through early July as Boeing rushes to fix a software problem suspected in two recent fatal crashes.
United Continental Holdings, the parent company of United Airlines, reported first-quarter earnings Tuesday that beat Wall Street profit expectations but fell shy of revenue estimates as the airline grapples with the prolonged grounding of Boeing's 737 Max jets.
div > div.group > p:first-child"> Here's what the company reported versus what analysts polled by Refinitiv expected:United's total revenue rose to 9.59 billion during the first quarter, up from $9.03 billion during the same period in 2018, the company said in releasing its earnings report after the markets closed Tuesday.
United's revenue for each passenger it flies a mile, a key industry metric, rose 1.1% over the same period last year, falling short of 1.5% projected by analysts. United reiterated its full-year earnings guidance of between $10 and $12 per share for 2019 and said it expects to earn between $11 and $13 a share, on an adjusted basis, in 2020.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Delta's first-quarter earnings, revenue beat Wall Street expectationsInvestors were expecting a strong quarter from Delta, especially after it raised its earnings and revenue guidance last week.
Leer más »
Disney draws second upgrade in two days as Wall Street eagerly awaits streaming service launchBMO Capital Markets upgraded Walt Disney Company stock Wednesday as the media content giant prepares to launch its streaming service.
Leer más »
Wall Street bull run hinges on earningsOptimism that the United States and China will soon reach a trade deal has helpe...
Leer más »
70% of Wall Street thinks Trump will be reelected in 2020A new poll of Wall Street insiders shows that a vast majority expect President Donald Trump to win reelection in 2020.
Leer más »
Wall Street drops on U.S. trade tensions with EU, IMF global outlookTrade-sensitive industrials dragged Wall Street lower on Tuesday as tensions ove...
Leer más »
CORRECTED-U.S. bank execs say Wall Street has reformed, though crisis scars lingerThe U.S. economy is strong and Wall Street has reformed practices that contributed to the financial crisis a decade ago, chief executives of some of the largest U.S. banks said in prepared testimony released by the House Financial Services Committee late on Monday. 'Confidence in U.S. financial
Leer más »
Uber IPO; Central banks in focus; Delta earningsCNN's ChristineRomans has the day's top business headlines before the opening bell on Wall Street
Leer más »
Stock markets open with slight gains as Wall Street awaits Fed minutesU.S. stock indexes opened with modest gains Wednesday as investors took an important reading of inflation, and updates from European and U.S. central banks....
Leer más »
Wall Street ekes out gains as investors shrug off Fed minutesTechnology stocks led Wall Street slightly higher on Wednesday, as U.S. inflatio...
Leer más »
Guggenheim says next recession will be less severe — but the ensuing stock market fall will be brutalEven though the next recession is likely to be shallow, stock-market investors will nurse some hefty losses in the next downturn, says Guggenheim
Leer más »