CHICAGO (Reuters) – United Airlines Holdings on Tuesday reported a smaller-than-expected loss in the first quarter, helped by higher capacity and lower operating costs.
Its adjusted loss for the quarter through January came in at 63 cents a share, compared with analysts’ expectations for a loss of 73 cents, according to Refinitiv data.
The Chicago-based carrier said it expects a profit of $3.50-$4 a share in the second quarter. That compares with analysts’ estimates of $3.65 a share, according to a Refinitiv survey.
(Reporting by Rajesh Kumar Singh; Editing by David Gregorio)
