United Airlines can’t bring in enough revenue to cover its costs; still struggling with merger
United Airlines is the one U.S. carrier that can’t seem to get its act together, losing $609 million during the first three months of this year.
The airline, in part, blamed “historic severe” winter weather for its loss. But by comparison, Delta Air Lines made $213 million in the quarter, despite dealing with the same nasty storms.
Chicago-based United is still struggling following its 2010 merger with Continental Airlines. In the first quarter, its cost for each mile passengers flew rose 1 per cent, but its related revenue fell 2 per cent.
United lost $1.66 per share, worse than the $1.26 per share it lost during the same period last year. Excluding special items, the loss was $1.33 per share, barely beating the $1.35 loss expected by Wall Street analysts.
News from © The Associated Press, . All rights reserved.
This material may not be published, broadcast, rewritten or redistributed.
Join the Conversation!
Want to share your thoughts, add context, or connect with others in your community?
You must be logged in to post a comment.
