United wobbles on Q2 earningsShares of United Airlines manage to pull it back, dipping in early morning trading after Q2 results are released but closing Wednesday up 3.8% and remaining steady through Thursday.
The airline’s second quarter earnings reported a loss of $3.91 per share, in line with what analysts were expecting, on revenues of $5.47 billion, exceeding expectations of $5.37 billion. The return of domestic travel has been a key factor in the firm’s recovery from its pandemic-fuelled fall, but United said that long-haul travel has been pulling its weight too, bouncing back quicker than expected in Q2.
Despite worries that the Delta variant of the Coronavirus might stop the airline industry’s comeback, United remains optimistic, and expects to see a profit in Q3 and Q4 on a pre-tax basis.
said CEO Scott Kirby.