United Airlines shares after the trading session with a price jump: United Airlines is making a loss – but expects a travel boom in the summer

In the three months to the end of March, the bottom line was a loss of 1.4 billion dollars (1.3 billion euros), as United Airlines announced on Wednesday after the US stock market closed. The minus was thus in the same order of magnitude as a year ago.

Like the entire industry, the airline suffered in the past quarter from the fact that the corona crisis – especially due to the omicron virus variant that was rampant at the beginning of the year – slowed down air traffic. At $7.6 billion, revenues were more than twice as high as in the same period last year. However, they were still 21 percent below the comparative value of 2019, i.e. before the pandemic.

However, United expects business to recover strongly towards the summer. The demand is booming so much that in the current quarter not only a return to the profit zone, but even record sales are to be expected. This is well received on Wall Street, the stock initially rose by 7.8 percent to $ 50.15 before the market. In the past month, the price had already risen by twelve percent.

/hbr/DP/he

CHICAGO (dpa-AFX)

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