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United Airlines Holdings Inc (NASDAQ:UAL) posted financial results for the first quarter on Tuesday after the market close. Here’s a rundown of the report.
- United Airlines Holdings stock is facing resistance. What’s driving UAL stock lower?
United Airlines Q1 Highlights
United reported first-quarter revenue of $14.61 billion, beating the consensus estimate of $14.34 billion. The airline company reported first-quarter adjusted earnings of $1.19 per share, beating analyst estimates of $1.10 per share, according to Benzinga Pro.
Total operating revenue was up 10.6% on a year-over-year basis. Here’s a breakdown of revenue by category.
- Premium Cabin: up 14%
- Basic Economy: up 7%
- Loyalty: up 13%
- Cargo: down 1.6%
Capacity was up 3.4% on a year-over-year basis. TRASM (total …
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