United Airlines (UAL) Reported Q4 Beat, Provides Q1/2022 Outlook
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Go back to United Airlines (UAL) Reported Q4 Beat, Provides Q1/2022 Outlook
January 19, 2022 4:45 PM EST
By Rajesh Kumar Singh
CHICAGO (Reuters) - United Airlines Holdings on Wednesday trimmed its capacity forecast and warned of higher costs, after posting a smaller-than-expected fourth-quarter loss, citing turbulence from the Omicron coronavirus variant.
The Chicago-based carrier said the latest wave of the health crisis has depressed near-term demand even as bookings for the spring and beyond remain strong.
United said its priority is to match capacity with demand. As a result, its 2022 capacity is now projected to be lower than in 2019, instead of growing 5% as estimated earlier.
It expects to restore 82% to 84% of pre-pandemic... More
January 19, 2022 4:31 PM EST
United Airlines (NASDAQ: UAL) reported Q4 EPS of ($1.60), $0.48 better than the analyst estimate of ($2.08). Revenue for the quarter came in at $8.19 billion versus the consensus estimate of $7.99 billion.
Outlook4
Expects first quarter 2022 capacity to be down 16% to 18% versus first quarter...
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