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United Airlines revenue tops estimates as travel rebounds, sees 3rd-quarter turning point

CHICAGO, July 20 (Reuters) - United Airlines reported its sixth consecutive quarterly loss on Tuesda

United Airlines revenue tops estimates as travel rebounds, sees 3rd-quarter turning point

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Analysts had estimated a loss of $3.94, according to IBES data from Refinitiv.</p>\n<p>Excluding items, the company lost $434 million in the second quarter. United has said it expects to be profitable in the third and fourth quarter.</p>\n<p>United's second-quarter adjusted operating revenue rose to $5.47 billion from about $1.47 billion a year ago, above analysts' average estimate of $5.35 billion.</p>\n<p>U.S. airlines have played down concerns over the impact of a resurgence in COVID-19, spurred by the more contagious Delta variant of the coronavirus, which has become dominant in the United States and many other nations.</p>\n<p>United's quarterly revenue was just half of the roughly $10 billion it booked in the same quarter of 2019 before the pandemic jolted the travel industry.</p>\n<p>Its shares slipped 0.5% to $46.08 in extended trading after the U.S. airline index had its largest daily percentage gain on Tuesday since November.</p>\n<p>As demand returns, U.S. airlines - which benefited from $54 billion in federal COVID-19 aid for workers' salaries - have rushed to restore their operations.</p>\n<p>United last month unveiled its largest-ever aircraft order for 270 jets in a push to boost its domestic capacity by almost 30% and better compete for both premium and low-cost travel.</p>\n<p>It has also announced a string of investments related to sustainability and innovation as airlines face renewed scrutiny over their environmental impact.</p>\n<p>Rival Delta Air Lines last week reported a quarterly profit. American Airlines and Southwest Airlines are due to report on Thursday.</p>\n<p>United will discuss the results with analysts and investors on Wednesday. (Reporting by Tracy Rucinski; additional reporting by Rodrigo Campos Editing by Bill Berkrot)</p>","source":"yahoofinance","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>United Airlines revenue tops estimates as travel rebounds, sees 3rd-quarter turning point</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nUnited Airlines revenue tops estimates as travel rebounds, sees 3rd-quarter turning point\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-21 07:21 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/1-united-airlines-revenue-tops-212120679.html><strong>Reuters</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>CHICAGO, July 20 (Reuters) - United Airlines reported its sixth consecutive quarterly loss on Tuesday due to the coronavirus pandemic, though revenue quadrupled from a year ago and topped estimates ...</p>\n\n<a href=\"https://finance.yahoo.com/news/1-united-airlines-revenue-tops-212120679.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"DAL":"达美航空","UAL":"联合大陆航空"},"source_url":"https://finance.yahoo.com/news/1-united-airlines-revenue-tops-212120679.html","is_english":true,"share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","article_id":"2153169712","content_text":"CHICAGO, July 20 (Reuters) - United Airlines reported its sixth consecutive quarterly loss on Tuesday due to the coronavirus pandemic, though revenue quadrupled from a year ago and topped estimates with a strong domestic travel rebound.\nU.S. leisure travel has nearly recovered to pre-pandemic levels as more people fly for vacation or to visit friends and family following a massive nationwide vaccination campaign.\nChicago-based United said it will continue ramping up flying in the third quarter and forecast its total unit revenue - comparing sales to flight capacity - for the period will be higher than the same quarter in 2019, a turning point for the airline.\nThe company said business and long-haul international travel, to which it is more exposed than rivals, accelerated faster than anticipated, and it expects a full recovery in demand by 2023.\nUnited's adjusted net loss narrowed to $1.26 billion, or $3.91 per share, in the quarter, from $2.6 billion, or $9.31 per share, a year ago. Analysts had estimated a loss of $3.94, according to IBES data from Refinitiv.\nExcluding items, the company lost $434 million in the second quarter. United has said it expects to be profitable in the third and fourth quarter.\nUnited's second-quarter adjusted operating revenue rose to $5.47 billion from about $1.47 billion a year ago, above analysts' average estimate of $5.35 billion.\nU.S. airlines have played down concerns over the impact of a resurgence in COVID-19, spurred by the more contagious Delta variant of the coronavirus, which has become dominant in the United States and many other nations.\nUnited's quarterly revenue was just half of the roughly $10 billion it booked in the same quarter of 2019 before the pandemic jolted the travel industry.\nIts shares slipped 0.5% to $46.08 in extended trading after the U.S. airline index had its largest daily percentage gain on Tuesday since November.\nAs demand returns, U.S. airlines - which benefited from $54 billion in federal COVID-19 aid for workers' salaries - have rushed to restore their operations.\nUnited last month unveiled its largest-ever aircraft order for 270 jets in a push to boost its domestic capacity by almost 30% and better compete for both premium and low-cost travel.\nIt has also announced a string of investments related to sustainability and innovation as airlines face renewed scrutiny over their environmental impact.\nRival Delta Air Lines last week reported a quarterly profit. American Airlines and Southwest Airlines are due to report on Thursday.\nUnited will discuss the results with analysts and investors on Wednesday. (Reporting by Tracy Rucinski; additional reporting by Rodrigo Campos Editing by Bill Berkrot)","news_type":1,"symbols_score_info":{"DAL":0.9,"UAL":0.9}},"isVote":1,"tweetType":1,"viewCount":1810,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":3,"xxTargetLangEnum":"ORIG"},"commentList":[],"hasMoreComment":false,"orderType":2}