United Airlines stock tanks 7% after airline guides for quarterly loss on lower demand, higher fuel prices

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United Airlines stock tanks 7% after airline guides for quarterly loss on lower demand, higher fuel prices
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Shares of United Airlines Holdings Inc. fell more than 7% in the extended session Monday after the airline surprised Wall Street with guiding for a loss in...

Shares of United Airlines Holdings Inc. UAL fell more than 7% in the extended session Monday after the airline surprised Wall Street with guiding for a loss in its first quarter due to lower-than-expected demand in January and February and continued high fuel prices. United said it expects a quarterly loss between 60 cents a share and $1 a share, which contrasts with FactSet consensus for an adjusted profit of 64 cents a share in the quarter.

UAL fell more than 7% in the extended session Monday after the airline surprised Wall Street with guiding for a loss in its first quarter due to lower-than-expected demand in January and February and continued high fuel prices. United said it expects a quarterly loss between 60 cents a share and $1 a share, which contrasts with FactSet consensus for an adjusted profit of 64 cents a share in the quarter.

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