4/19, 10:33 PM (Source: TeleTrader)
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United Airlines Q1 revenue at $3.22B, down by 59.6%

United Airlines Inc. revealed on Monday its revenue in the first quarter of 2021 dropped by 59.6% in comparison to the same period last year to land at $3.22 billion, missing analysts' expectations.

The company reported its net loss worsened by 20.4% on an annual level to stand at $1.4 billion in the first trimester of the year. Meanwhile, its diluted losses per share came in at $4.29, improving by 37.5% from diluted losses per share of $6.86 registered year-on-year.

"The United team has now spent a year facing down the most disruptive crisis our industry has ever faced and because of their skill and dedication to our customers, we're poised to emerge from this [COVID-19] pandemic with a future that is brighter than ever," the company's Chief Executive Officer (CEO) Scott Kirby remarked.

United's shares declined by 1.85% in after-hours trading following the release of the report.

Breaking the News / JR