United Airlines maintains forecast after Q1 results top Wall Street estimates

Investing.com -- United Airlines on Tuesday maintained its outlook on earnings after the airline reported better-than-expected first-quarter results even as it suffered a $200 million hit from the temporary grounding of the Boeing (NYSE:United, the airline with the largest amount of 737 Max 9's in its fleet, kept its forecast for full-year adjusted earnings between $9 and $11 a share this year. For Q2, the company forecasts adjusted EPS of $3.75 to $4.

The company flagged a $200 million from the grounding of the Boeing 737 9 jets after a mid-air cabin panel blowout on a model of the jet operated by Alaska Airlines earlier this year. Without the $200M hit, the company would have reported a quarterly profit, United Airlines said. Total revenue per available seat mile, a key performance metric, was up 0.6% in Q1 compared to first-quarter 2023, indicating the airline is making more revenue from each set on its airlines.Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors.

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