(United Airlines) United Airlines expects to return to profitability in the second quarter of 2022, projecting that the quarterly revenue will be the highest in the company’s history.
In the quarter ahead, the company sees about 10% operating margin, which is just 2.9 points below the 2019 level.
United Airlines said that it holds a strongly bullish outlook about the future as demand recovers. The airline reiterated its adjusted pre-tax margin of about 9% in 2023 and further 14% in 2026.
The boosted outlook comes when the airline reported an operating revenue of $7.566 billion in the first quarter of 2022, up from $3.22 billion in the prior year.
United reported an operating loss of $1.376 billion in the first quarter, narrower than a loss of $1.381 billion in the prior year. The net loss was $1.377 billion, up from $1.357 billion in the prior year.
UAL: NASDAQ is up +7.48% on premarket
