United Airlines to hold webcast of First Quarter 2020 results

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United’s shared purpose is “Connecting People, Uniting the World.” The company will issue its first-quarter and second-quarter investor update after market close on Thursday, April 30. But as of now UAL stocks sinks as the market gains. In the latest trading session, United Airlines (UAL) closed at $25.56. based on the research any recent changes to analyst estimates for UAL should also be noted by investors. These revisions typically reflect the latest short-term business trends, which can change frequently. As The Wall Street Journal will be looking for the positivity from UAL as it approaches its next earning date.

United Airlines posted a $2.1 billion loss in the first quarter of the year. It is the company’s largest deficit since the 2008 recession. The airline stated it applied for an additional 4.5 billion dollars in government support after it already to receive roughly five billion dollars as the pandemic has sent the travel industry into a nosedive signs. Since united has had to cut the majority of its flights the company also announced a 17% drop in its revenue compared to this time last year since the beginning of 2020 its stock has dropped by nearly 60 points. The pandemic has met substantially fewer passengers fewer than 200000 people flew with them during the first two weeks of this month compared to more than 6 million during this time last year.

A press release from the company stated that the “the challenges that lies ahead for United is bigger than any we have faced in our proud 94 years history.” And that they are committed to being direct and as transparent as possible with the public about the decisions that lay ahead and the impact it is going to have on their business and in general.
Longer-term, while it’s difficult to say with any certainty when air traffic will return, we are confident that demand will eventually bounce back. We’re modeling demand to begin to normalize in 2021. We think the primary risk to airline investors are increased leverage and equity dilution as airlines look to bolster solvency during this difficult operating environment for the airlines.

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