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Only losses for United Airlines in Q4

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Miguel A. Rodriguez
Miguel A. Rodriguez
21 January 2021
Despite lower-than-expected Q4 earnings, United Airlines expects a silver lining in 2023

One of the most impacted industries by the pandemic was aviation, as many companies had to furlough people to keep themselves afloat.

But as the earnings season began, companies started to reveal their latest financial situation. One of them is United Airlines.

In Q4 2020, United had a loss per share of $7, ahead of the $6.60 expected, on revenues of $3.41 billion. The revenue figures were shy of the $3.44 billion forecasted. This marks the fourth straight quarter when United Airlines posts losses.

Airlines' full-year net loss reported in 2020 was the most significant since 2005 - $7.07 billion.

For the first quarter of 2021, the company forecasts its revenue to come in 65% to 70% lower than that reported in 2019. However, it is looking forward to 2023, when it expects to surpass the pre-pandemic margin.

Following the report, United Airlines stock price fell 2.3%.

Check out other earnings reports here!

Source: cnbc.com

This information/research prepared by Miguel A. Rodriguez does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. The research analyst primarily responsible for the content of this research report, in part or in whole, certifies that the views about the companies and their securities expressed in this report accurately reflect his/her personal views and consequently any person acting on it does so entirely at their own risk.The research provided does not constitute the views of KW Investments Ltd nor is it an invitation to invest with KW Investments Ltd. The research analyst also certifies that no part of his/her compensation was, is, or will be, directly, or indirectly, related to specific recommendations or views expressed in this report.The research analyst in not employed by KW Investments Ltd. You are encouraged to seek advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit that conforms to your specific investment objectives, financial situation, or particular financial needs before making a commitment to invest. The laws of the Republic of Seychelles shall govern any claim relating to or arising from the contents of the information/ research provided. 

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Miguel A. Rodriguez
Miguel A. Rodriguez
Financial Writer

Miguel worked for major financial institutions such as Banco Santander, and Banco Central-Hispano. He is a published author of currency trading books.