United Airlines stock tanks 7% after airline guides for quarterly loss on lower demand, higher fuel prices

Last Updated: March 13, 2023 at 5:12 p.m. ET First Published: March 13, 2023 at 4:49 p.m. ET A United Airlines airplane at the gate in the Denver airport in February. Getty Images United Airlines Holdings Inc. stock fell more than 7% in the extended session Monday after the airline surprised Wall Street by guiding

Financial Press

Published

March 13, 2023

united-airlines-stock-tanks-7%-after-airline-guides-for-quarterly-loss-on-lower-demand,-higher-fuel-prices

Last Updated: March 13, 2023 at 5:12 p.m. ET First Published: March 13, 2023 at 4:49 p.m. ET

A United Airlines airplane at the gate in the Denver airport in February.

Getty Images

United Airlines Holdings Inc. stock fell more than 7% in the extended session Monday after the airline surprised Wall Street by guiding for a loss in its first quarter, saying it saw lower-than-expected demand in January and February and continued to feel the pinch of high fuel prices.

United UAL said it expects a quarterly loss between 60 cents a share and $1 a share, which contrasts with FactSet consensus for an adjusted profit of 64 cents a share in the quarter.

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