The carrier, which has 14 of Boeing's 737 Max jets in its fleet, has grounded the aircraft through early July as Boeing rushes to fix a software problem suspected in two recent fatal crashes.
United Continental Holdings, the parent company of United Airlines, reported first-quarter earnings Tuesday that beat Wall Street profit expectations but fell shy of revenue estimates as the airline grapples with the prolonged grounding of Boeing's 737 Max jets.
div > div.group > p:first-child"> Here's what the company reported versus what analysts polled by Refinitiv expected:United's total revenue rose to 9.59 billion during the first quarter, up from $9.03 billion during the same period in 2018, the company said in releasing its earnings report after the markets closed Tuesday.
United's revenue for each passenger it flies a mile, a key industry metric, rose 1.1% over the same period last year, falling short of 1.5% projected by analysts. United reiterated its full-year earnings guidance of between $10 and $12 per share for 2019 and said it expects to earn between $11 and $13 a share, on an adjusted basis, in 2020.
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