Company News: United Airlines (UAL) posts bigger-than-expected quarterly loss

Market news

21 January 2021

Company News: United Airlines (UAL) posts bigger-than-expected quarterly loss

United Airlines (UAL) reported Q4 FY 2020 loss of $7.00 per share (versus earnings of $2.67 per share in Q4 FY 2019), worse than analysts’ consensus estimate of -$6.42 per share.

The company’s quarterly revenues amounted to $3.412 bln (-68.7% y/y), missing analysts’ consensus estimate of $3.471 bln.

The company also issued downside guidance for Q1 FY 2021, projecting revenues being down 65-70% from Q1 FY 2019, which could be computed as $2.88-3.36 bln versus analysts’ consensus estimate of $4.12 bln.

UAL fell to $44.20 (-2.17%) in pre-market trading.

Eurozone: ECB Interest Rate Decision, 0% (forecast 0%)

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