United Airlines Holdings Inc. said on Wednesday that its total operating revenue in the first quarter of 2022 amounted to $7.56 billion, a decrease of 21.1% from the same period in 2019. The results fell below market estimates of $7.67 billion.
The company's net loss stood at $1.37 billion in the first trimester of 2022, a further fall from $1.35 billion recorded in the same trimester of 2021. The diluted losses per share came in at $4.24, slightly lower than $4.29 recorded in the same period of 2021.
"The demand environment is the strongest it's been in my 30 years in the industry – and United and its customers will benefit more than any other airline. We're now seeing clear evidence that the second quarter will be an historic inflection point for our business," United Airlines CEO Scott Kirby asserted.
United Airlines shares jumped 5.56% in after-hours trading following the release of the earnings report.
