CHICAGO (dpa-AFX) – The US airline United Airlines managed a strong end of the year thanks to the recovery in travel. In the three months to the end of December, the company earned a total of 843 million dollars (781 million euros), as announced on Tuesday after the US stock market closed. In the corresponding period last year, a loss of 646 million dollars was incurred. Revenue climbed more than 51 percent to $12.4 billion. Despite the sharp rise in kerosene prices, United benefited from the strong comeback of air travel after the crisis in the corona pandemic.
The quarterly figures clearly exceeded the analysts’ average forecasts. The stock gained around 3 percent in after-hours trading. The outlook was also well received by investors. The airline expects continued high demand and forecast adjusted earnings of ten to twelve dollars per share for the full year 2023. This would be more than four times as much as in the previous year. In the 2022 fiscal year, United had sales of almost $45 billion – almost four percent more than in 2019 before the pandemic began./hbr/DP/stw
The United Airlines Holdings share is currently trading at a minus of -0.95 % and a rate of 51.21USD traded.