United reports their fifth consecutive quarterly loss

A United Airlines Boeing 737 Max 9 aircraft lands at San Francisco International Airport in Burlingame, California on March 13, 2019.

Justin Sullivan | Getty Images

United Airlines reported its fifth straight quarterly loss on Monday, although demand for travel has improved recently as vaccinations surge and governments relax travel restrictions.

The company posted a net loss of $ 1.36 billion on revenue of $ 3.22 billion in the first quarter, a decrease of nearly 60 percent from revenue of nearly $ 8 billion in the first quarter of 2019 at $ 7.50, above the expected loss of $ 7.08 per share.

United shares fell 1.6% in after-hours trading.

Here’s how United performed in the first quarter compared to Wall Street’s expectations, based on Refinitiv’s average estimates:

  • Adapted EPS: a loss of $ 7.50 versus an expected loss of $ 7.08 per share
  • Total sales: $ 3.22 billion versus expected $ 3.26 billion in revenue

Company executives will discuss the findings on Tuesday at 10:30 am ET.

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