• Sun. Dec 4th, 2022

Why United Airlines Stock Is Down After Hours

ByAdam Eckert

Jul 20, 2022
Why United Airlines Stock Is Down After Hours

United Airlines Holdings Inc UAL shares are trading lower in Wednesday’s after-hours session after the company reported worse-than-expected top-line results.

United Airlines reported second-quarter revenue of $12.11 billion, which missed the estimate of $12.17 billion, according to data from Benzinga Pro. The company reported quarterly earnings of $1.43 per share, which is up from a loss of $3.91 per share year-over-year.

Total operating revenue was up 6% compared to the same period in 2019. United said it expects third-quarter operating revenue to be up 11% compared to the third quarter of 2019.

Operating margins reached 7.2% in the quarter, marking United’s first profitable quarter since before the pandemic. 

United said it will hold a conference call to discuss its quarterly results, as well as its financial and operational outlook for the third quarter on Thursday morning. 

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UAL Price Action: United has a 52-week high of $54.52 and a 52-week low of $30.54.

The stock was down 6.53% in after hours at $38.92 at press time. 

Photo: Bill Abbott from Flickr.



Image and article originally from www.benzinga.com. Read the original article here.