UAL
United Airlines Holdings Inc. (NYSE: UAL) is set to reveal its Q1 financial outcomes after the market closes on April 16, amidst high expectations and recent industry hurdles. Analysts predict the airline will report revenue of $12.45 billion, marking a significant increase from $11.429 billion in the same quarter last year. This report could potentially extend United's streak of surpassing revenue estimates to seven consecutive quarters.
Despite the anticipated revenue growth, United is expected to post a loss of 56 cents per share, slightly improving from a loss of 63 cents per share a year earlier. The focus will be on how United's financial health compares with Delta Air Lines, which recently exceeded analyst expectations, leading to increased analyst price targets.
United's earnings announcement is shadowed by broader sector issues, particularly safety concerns related to Boeing airplanes, impacting the industry. These concerns have forced United to delay its investor day, originally scheduled for May 1, now postponed to the fall.
As part of the U.S. Global JETS ETF, United holds a significant 10.5% stake and has seen a modest stock price increase of 3.2% over the past year. In contrast, Delta (NYSE: DAL), the largest holding in the ETF, has seen its stock soar by 38%. A strong earnings performance from United could help narrow this gap.
Investors and market watchers will be keen on the strategic insights United might offer during their earnings report, especially any updates on the rescheduled investor day, as well as indicators of handling ongoing industry challenges.
