United Leads Airline Rally On Earnings, Records $200 Million Hit From Boeing Grounding.

Autor:	MILLER, HARRISON (AUTHOR)
Předmět:	UNITED Airlines Inc., BOEING Co., STOCK prices, GROWTH stocks, QUARTERLY reports
Zdroj:	Investors Business Daily. 4/17/2024, pN.PAG-N.PAG. 1p.
Abstrakt:	United Airlines reported first-quarter earnings that exceeded expectations, leading to a rally in airline stocks. The company reported a loss of 38 cents per share, an improvement from the previous year's loss of 59 cents per share. Revenue increased by 9.7% to $12.54 billion. United Airlines attributed $200 million in losses to the grounding of Boeing's 737 Max 9. The company expects adjusted earnings for the second quarter to range from $3.75 to $4.25 per share and maintained its full-year earnings outlook of $9 to $11 per share. United Airlines' stock rallied 17.5% following the earnings report. [Extracted from the article]
Databáze:	Regional Business News
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