NEW YORK, April 19 — United Airlines reported a quarterly loss yesterday but offered a bullish summer outlook in light of travel demand that it said still shows no sign of ebbing.
The major US carrier reported a first-quarter loss of US$194 million (RM859.9 million), despite a 51.1 per cent surge in revenues compared with the year-ago period to US$11.4 billion.
But results were hit by higher costs, especially on salaries and for jet fuel.
Still, United Chief Executive Scott Kirby echoed comments from rival Delta Air Lines in touting a still-strong travel market as it eyes a busy summer travel season.
“We are watching the macroeconomic risks carefully, but demand remains strong, especially internationally, where we are growing at twice the domestic rate,” Kirby said in an earnings press release.
United projected second-quarter profits of US$3.50 to US$4.00 per share, in line with analyst estimates, and full-year profits above analyst expectations.
Shares rose 1.4 per cent to US$43.66 in after-hours trading. — AFP