United Airlines reported a pre-tax loss of $164 million as well as an adjusted loss of 15 cents per share, which was a lot better compared to the predictions of analysts, who expected 54 cents per share. The company believes the first quarter would be profitable if it weren’t for the $200 million impact that was caused by the grounding of Boeing 737 MAX 9 after Alaska Airlines experienced an incident with the same model.

The airliner also surpassed the expectations of analysts with $12.5 billion in operating revenue, which represents a 9.7% increase compared to the same period last year. The projections were that United Airlines will have $12.45 billion in revenue for the period.

United Airlines now projects a profit of $3.75 to $4.25 per share for the Q2 compared to Wall Street expectations of $3.76 profit per share.

After closing at $41.50 per share on Tuesday, the United Airlines stock rallied in after-market trading. It opened at $44.39 per share on Wednesday and continued its climb to $47.60 at one point. This is the highest the company’s shares have been in April.

The post United Airlines Stock Jumps 14% After Strong Q1 Results and Optimistic Projections for Q2 appeared first on theprimarymarket.com.

In contrast, Redburn decided to downgrade American Airlines from a Buy to a Neutral. Most of American Airlines’ exposure is in the domestic market, which has proven to become fiercely competitive. Near-term sensitivity to rising fuel prices was also listed as a concern.

Southwest Airlines was similarly downgraded from a Neutral to a Sell. With a $27 price target, Southwest is set to continue facing downward pressure from tough economic conditions.

Other stocks that were assessed included DraftKings, which was upgraded from Equal Weight to Overweight by Wells Fargo, and Monster Beverage, upgraded from Neutral to Overweight by Piper Sandler.

The post United Airlines Upgraded, American Airlines Downgraded By Wall Street Experts appeared first on theprimarymarket.com.

This comes after United Airlines canceled 19% of its scheduled flights after thunderstorms and equipment failures rocked operations at a U.S. Federal Aviation Administration (FAA) facility in Washington. The issue led to major delays for air passengers across the east coast of the U.S.

“While we work to control the things that are within our control, we must also do a better job of planning against the things that are outside our control so that we can be in a position to recover more quickly,” Kirby said, acknowledging the importance of contingency planning as U.S. air traffic looks bound to exceed pre-COVID levels.

In an effort to manage the boom in air travel demand, United Airlines is working with the Port Authority of New York and New Jersey to get more gates. This change would require some schedule changes on the part of the U.S. airline.

The post United Airlines Looks to Avoid Flight Disruptions Ahead of Travel Boom appeared first on theprimarymarket.com.

One major surprise from United’s Q1 earnings report was the $11.43 billion that the airline earned during the quarter ending March 2023. In addition to surpassing estimates by 0.07%, United Airlines’ revenue also greatly exceeded the $7.57 billion earned in the same quarter last year.

Since the start of the year, United Airlines stocks have gained 12.4%; exceeding the 8.1 year-to-date growth of the S&P 500 index at large. The company’s revenue grew by 13.70% from the previous quarter.

Following United’s quarterly earnings report, Southwest Airlines is gearing up to release its own Q1 figures on April 27. The airline is expected to post a quarterly loss of $0.21 per share.

The post United Airlines Posts Q1 Loss, Beats Revenue Estimates appeared first on theprimarymarket.com.

Excluding fuel, United Airlines expects its Cost Per Available Seat Mile (CASM) to rise by 16% when compared to the third quarter of 2019, however, this would be a slight improvement on the 16-17% forecast that was previously given. This change was also experienced at a time of rapid inflation, when fuel, energy, and other costs surged over the short term.

The travel industry is currently going through a boom as demand returns to pre-pandemic levels. As a result, many major U.S. airlines expect the demand surge to persist in the second half of 2022. Staff and aircraft shortages, however, have pushed numerous carriers to cut flights and adjust staffing schedules as a means of avoiding flight delays and cancellations.

Shares of United Airlines gained 1.4% during pre-market trading.

The post United Airlines Improves Costs During Third Quarter appeared first on theprimarymarket.com.

United Airlines reported a pre-tax loss of $164 million as well as an adjusted loss of 15 cents per share, which was a lot better compared to the predictions of analysts, who expected 54 cents per share. The company believes the first quarter would be profitable if it weren’t for the $200 million impact that was caused by the grounding of Boeing 737 MAX 9 after Alaska Airlines experienced an incident with the same model.

The airliner also surpassed the expectations of analysts with $12.5 billion in operating revenue, which represents a 9.7% increase compared to the same period last year. The projections were that United Airlines will have $12.45 billion in revenue for the period.

United Airlines now projects a profit of $3.75 to $4.25 per share for the Q2 compared to Wall Street expectations of $3.76 profit per share.

After closing at $41.50 per share on Tuesday, the United Airlines stock rallied in after-market trading. It opened at $44.39 per share on Wednesday and continued its climb to $47.60 at one point. This is the highest the company’s shares have been in April.

The post United Airlines Stock Jumps 14% After Strong Q1 Results and Optimistic Projections for Q2 appeared first on theprimarymarket.com.

In contrast, Redburn decided to downgrade American Airlines from a Buy to a Neutral. Most of American Airlines’ exposure is in the domestic market, which has proven to become fiercely competitive. Near-term sensitivity to rising fuel prices was also listed as a concern.

Southwest Airlines was similarly downgraded from a Neutral to a Sell. With a $27 price target, Southwest is set to continue facing downward pressure from tough economic conditions.

Other stocks that were assessed included DraftKings, which was upgraded from Equal Weight to Overweight by Wells Fargo, and Monster Beverage, upgraded from Neutral to Overweight by Piper Sandler.

The post United Airlines Upgraded, American Airlines Downgraded By Wall Street Experts appeared first on theprimarymarket.com.

This comes after United Airlines canceled 19% of its scheduled flights after thunderstorms and equipment failures rocked operations at a U.S. Federal Aviation Administration (FAA) facility in Washington. The issue led to major delays for air passengers across the east coast of the U.S.

“While we work to control the things that are within our control, we must also do a better job of planning against the things that are outside our control so that we can be in a position to recover more quickly,” Kirby said, acknowledging the importance of contingency planning as U.S. air traffic looks bound to exceed pre-COVID levels.

In an effort to manage the boom in air travel demand, United Airlines is working with the Port Authority of New York and New Jersey to get more gates. This change would require some schedule changes on the part of the U.S. airline.

The post United Airlines Looks to Avoid Flight Disruptions Ahead of Travel Boom appeared first on theprimarymarket.com.

One major surprise from United’s Q1 earnings report was the $11.43 billion that the airline earned during the quarter ending March 2023. In addition to surpassing estimates by 0.07%, United Airlines’ revenue also greatly exceeded the $7.57 billion earned in the same quarter last year.

Since the start of the year, United Airlines stocks have gained 12.4%; exceeding the 8.1 year-to-date growth of the S&P 500 index at large. The company’s revenue grew by 13.70% from the previous quarter.

Following United’s quarterly earnings report, Southwest Airlines is gearing up to release its own Q1 figures on April 27. The airline is expected to post a quarterly loss of $0.21 per share.

The post United Airlines Posts Q1 Loss, Beats Revenue Estimates appeared first on theprimarymarket.com.

Excluding fuel, United Airlines expects its Cost Per Available Seat Mile (CASM) to rise by 16% when compared to the third quarter of 2019, however, this would be a slight improvement on the 16-17% forecast that was previously given. This change was also experienced at a time of rapid inflation, when fuel, energy, and other costs surged over the short term.

The travel industry is currently going through a boom as demand returns to pre-pandemic levels. As a result, many major U.S. airlines expect the demand surge to persist in the second half of 2022. Staff and aircraft shortages, however, have pushed numerous carriers to cut flights and adjust staffing schedules as a means of avoiding flight delays and cancellations.

Shares of United Airlines gained 1.4% during pre-market trading.

The post United Airlines Improves Costs During Third Quarter appeared first on theprimarymarket.com.