United Airlines Holdings, Inc. reported decreased losses in their first quarter compared to the previous year, a performance that exceeded Wall Street's expectations. The company ended the quarter with a $124 million loss or -$0.38 per share, a marked improvement from the previous year's -$194 million, or -$0.59 per share loss.
When excluding particular items, United Airlines Holdings, Inc.'s adjusted earnings resulted in a -$50 million or -$0.15 per share loss for the period. This figure was better than analysts' average prediction for the company to lose -$0.57 per share, as compiled by Thomson Reuters. It's worth noting that these estimates typically do not include special items.
The airline's quarterly revenue showed a 9.7% increase, rising from $11.43 billion last year to $12.54 billion this year.
In overview, United Airlines Holdings, Inc.'s first-quarter earnings (as per GAAP) exhibited a loss of $124 million, compared to a loss of $194 million in the same period last year. Additionally, earning per share for the quarter was -$0.38 as opposed to -$0.59 from last year. Their revenue for the quarter stood at $12.54 billion, a rise from last year’s $11.43 billion.
