United Airlines Q1 Earnings to Decline Over 168%

United Airlines Q1 Earnings to Decline Over 168%

Oops!Something went wrong.Please try again later.Vivek KumarApril 16, 2021, 9:17 AM·3 min readIn this article: Oops!Something went wrong.Please try again later.United Airlines Holdings, one of the largest airlines in the world, is expected to report a loss for the fifth consecutive time of $6.91 in the first quarter of 2021 on April 19 as the aviation service provider continues to be negatively impacted by the ongoing COVID-19 pandemic and renewed travel restrictions.That would represent a year-over-year decline of over 168% from -$2.57 per share seen in the same quarter a year ago. The Chicago-based airline's revenue would decline about 60% to around $3.3 billion.“Most of the US airlines will report 1Q21 earnings the week of April 19 and 26. We expect the focus to be on higher fuel costs, the nascent traffic recovery, and improving the balance sheet. Our focus remains on domestic leisure airlines while watching borders reopening to determine recovery for international traffic. We also expect airlines to talk about repairing their balance sheet,” said Helane Becker, equity analyst at Cowen and Company.United Airlines Holdings in its filing with the U.S. Securities and Exchange Commission (SEC) on Monday, April 12, said it expects revenue to slump 66% to