United Airlines shares rose on Wednesday in premarket trading, lifting up other U.S. airlines, after it said forward bookings were stable so far in the current quarter despite tariff-induced economic uncertainty.
United Airlines shares rose on Wednesday in premarket trading, lifting up other U.S. airlines, after it said forward bookings were stable so far in the current quarter despite tariff-induced economic uncertainty.
Shares of the “Big Three” U.S. carriers slumped in premarket trading on Tuesday after disappointing forecast adjustments from Delta Air Lines and American Airlines sparked concerns about the impact of a slowing economy on travel demand.
United Airlines reported strong fourth-quarter earnings and revenue, and better-than-expected first-quarter forecasts, surpassing analysts’ expectations.
United board OKs $1.5 billion share-buyback program
Shares of Big Three airline United Airlines Holdings were wobbling in after-hours trading on Wednesday after it reported mixed second-quarter results and gave third-quarter earnings per share guidance that fell short of expectations.
United Airlines has had more than its fair share of problems in recent months, but its first-quarter financial results included better-than-expected revenue and earnings.
The FAA grounded Boeing 737 Max 9 aircraft earlier this month after a door plug blew out during an Alaska Airlines flight.
Alaska Airlines said on Wednesday it would cancel all flights on 737 MAX 9 jets through Saturday as it continues to wait for regulatory approvals to resume flying after a cabin panel blowout Boeing suggested was caused by a “quality” issue.
It’s shaping up to be an earnings season for the history books for the largest U.S. airlines. But you wouldn’t know it looking at the stock market.