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0 -0.000780487804878032 -0.00292682926829266 -0.00195121951219501 0.0210731707317074 0.00468292682926833 -0.00351219512195121 0.00214634146341462
Stock impact report

Why Shares in United Airlines Were Higher This Week [Yahoo! Finance]

United Airlines Holdings, Inc. (UAL) 
Last united airlines holdings, inc. earnings: 4/30 04:30 pm Check Earnings Report
US:NYSE Investor Relations: ir.united.com
Company Research Source: Yahoo! Finance
A relief rally Investors in United Airlines were concerned about the prospect of slowing revenue growth due to relatively high interest rates pressuring consumer spending, rising costs in the industry, and the negative impact of delayed airplane deliveries from Boeing and the grounding of Boeing MAX 9 airplanes following an incident on an Alaska Airlines flight in January. However, United Airlines' results helped to dispel these fears. Management had expected total revenue per available seat mile (TRASM) to be flat in the quarter, but it rose 0.6% year over year. Premium revenue rose 14% year over year. Meanwhile, adjusted cost per available seat mile (CASM-ex) rose 4.7% compared to guidance for a mid-single-digit increase. Unfortunately, the grounding of the MAX 9 fleet negatively impacted earnings by $200 million, and management adjusted its fleet plan due to delivery delays on Boeing aircraft. CFO Michael Leskinen said on the earnings call, "Due to these fleet changes, we Show less Read more
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