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Why United Airlines Stock Is Rising Wednesday
United Airlines Holdings Inc (NASDAQ:UAL) shares are trading higher Wednesday after the company reported better-than-expected quarterly results.
Q1 Revenue: $12.539 billion beat estimates of $12.4 billion
Q1 EPS: loss of 15 cents beat estimates for a loss of 57 cents
Capacity was up 9.1% on a year-over-year basis. TRASM (total revenue per available seat mile) was up 0.6%, while CASM (cost per available seat mile) was down 0.6%.
United ended the quarter with $16.9 billion in total liquidity and $27.2 billion in total debt and finance lease obligations.
The company said it converted ...