United Airlines reports stronger profit, revenue
United Airlines reported higher profit in the latest quarter on stronger revenue and lower fuel costs, despite challenges from the grounding of Boeing’s 737 MAX. United’s Q4 net profit rose to UIS$641m, or $2.53 a share, from $461m, or $1.69 a share a year earlier. Excluding one-time charges, United’s adjusted earnings were $2.67 a share, 2 cents ahead of the $2.65 consensus among analysts polled by FactSet. Revenue climbed 3.8% from the year earlier period to $10.89b. The carrier has cut flights of 737 MAX aircraft from its schedules until June. United has 14 of the jets and was due to receive another 16 this year. Boeing said Tuesday it would further delay its timetable for returning the 737 MAX to commercial service, adding that it doesn’t expect regulators to clear its return until at least the middle of the year. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2020-01-22/star/united-airlines-reports-stronger-profit-revenue
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United Airlines reports stronger profit, revenue
United Airlines reported higher profit in the latest quarter on stronger revenue and lower fuel costs, despite challenges from the grounding of Boeing’s 737 MAX. United’s Q4 net profit rose to UIS$641m, or $2.53 a share, from $461m, or $1.69 a share a year earlier. Excluding one-time charges, United’s adjusted earnings were $2.67 a share, 2 cents ahead of the $2.65 consensus among analysts polled by FactSet. Revenue climbed 3.8% from the year earlier period to $10.89b. The carrier has cut flights of 737 MAX aircraft from its schedules until June. United has 14 of the jets and was due to receive another 16 this year. Boeing said Tuesday it would further delay its timetable for returning the 737 MAX to commercial service, adding that it doesn’t expect regulators to clear its return until at least the middle of the year. <br/>
