United Airlines' profit doubles despite shutdown, 737 woes
United Airlines said Tuesday that its Q1 profit doubled to US$292m as it carried more passengers and limited costs other than fuel. The results beat Wall Street expectations for a quarter that began with the partial govt shutdown, which dinged travel by federal employees, and ended with Boeing 737 Max jets grounded around the world. The airline gave an upbeat forecast of Q2 revenue trends. However, United did not raise its full-year earnings prediction. CE Oscar Munoz said the latest results vindicated a strategy of adding more flights, investing in customer service and managing costs. The Q2 is likely to benefit slightly by having Easter travel fall entirely in April, unlike last year. At United, that could be offset, however, by the additional costs of managing around the grounding of its 14 Max planes. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2019-04-17/star/united-airlines-profit-doubles-despite-shutdown-737-woes
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United Airlines' profit doubles despite shutdown, 737 woes
United Airlines said Tuesday that its Q1 profit doubled to US$292m as it carried more passengers and limited costs other than fuel. The results beat Wall Street expectations for a quarter that began with the partial govt shutdown, which dinged travel by federal employees, and ended with Boeing 737 Max jets grounded around the world. The airline gave an upbeat forecast of Q2 revenue trends. However, United did not raise its full-year earnings prediction. CE Oscar Munoz said the latest results vindicated a strategy of adding more flights, investing in customer service and managing costs. The Q2 is likely to benefit slightly by having Easter travel fall entirely in April, unlike last year. At United, that could be offset, however, by the additional costs of managing around the grounding of its 14 Max planes. <br/>
