United Airlines Loses Less Than Expected: Is Now a Good Time to Buy United Stock?
After markets closed Thursday, United Airlines Holdings (NASDAQ: UAL) reported a first-quarter loss of $1.7 billion, becoming the latest airline to update investors on the toll the COVID-19 pandemic is taking on its business.
United reported an adjusted loss of $2.57 per share on revenue of $7.98 billion, compared to analyst expectations for a $3.47 per share loss on revenue of $8.22 billion. Revenue was down 16.8% year over year, and the company's operating margin fell to a negative 12.2% from 5.2% in the first quarter of 2019.
Image source: United Airlines.
Source Fool.com
