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United Airlines Rises 5% After Hours on Narrower-Than-Expected Q1 Loss

Moomoo 24/7 · Apr 16 16:45

UAL +0.25%

$United Airlines (UAL.US)$ rose some 5% after the bell Tuesday after the carrier reported a Q1 adjusted loss per share of $0.15 vs. the $0.57 loss per share that analysts had expected.

UAL gained 5.1% to trade at $43.62 shortly before 5 p.m. ET even as the firm said its earnings reflected an approximately $200 million impact from the recent grounding of 737 Max 9 airplanes from $Boeing (BA.US)$ on safety concerns.

United Airlines said operating revenue came in a $12.54 billion, up 9.7% year over year and above analysts' consensus estimate of $12.44 billion.

Disclaimer: This content is for informational and educational purposes only and does not constitute a recommendation or endorsement of any specific investment or investment strategy. Read more

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