United Airlines Holdings (NASDAQ:UAL) reported on Thursday first quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
United Airlines Holdings announced earnings per share of $-2.57 on revenue of $7.98B. Analysts polled by anticipated EPS of $-2.51 on revenue of $8.3B. That with comparison to EPS of $1.15 on revenue of $9.59B in the same period a year before. United Airlines Holdings had reported EPS of $2.67 on revenue of $10.89B in the previous quarter. Analysts are expecting EPS of $-8.72 and revenue of $3.82B in the upcoming quarter.
United Airlines Holdings shares are down 66.42% from the beginning of the year , still down 69.20% from its 52 week high of $96.03 set on July 19, 2019. They are under-performing the S&P 500 which is down 10.24% year to date.
United Airlines Holdings shares gained 0.27% in after-hours trade following the report.
United Airlines Holdings follows other major Transportation sector earnings this month
United Airlines Holdings's report follows an earnings beat by Union Pacific on April 23, who reported EPS of $2.15 on revenue of $5.23B, compared to forecasts EPS of $1.9 on revenue of $5.11B.
United Parcel Service had missed expectations on Tuesday with first quarter EPS of $1.15 on revenue of $18.04B, compared to forecast for EPS of $1.25 on revenue of $17.34B.
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