United Airlines can’t bring in enough revenue to cover its costs; still struggling with merger

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FILE - In this July 17, 2013 file photo, a United Airlines jet plane landing at Los Angeles International Airport, in Whittler City Calif., passes in front of a Waxing Gibbous moon. United Airlines reports quarterly earnings on Thursday, April 24, 2014. ( AP Photo/Nick Ut, File)

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.

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