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Stock impact report

United Airlines stock gains after airline posts narrower Q1 loss [MarketWatch]

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: MarketWatch
United Airlines Holdings Inc. shares rose in the extended session Thursday after the airline posted a narrower-than-expected adjusted quarterly loss as it tried to manage "the most disruptive global crisis in the history of aviation" due to the coronavirus pandemic. The loss was also narrower than what the airline warned a week ago. United said it lost $1.7 billion, or $6.86 a share, in the quarter, versus earnings of $292 million, or $1.09 a share, in the year-ago quarter. Adjusted for one-time items, United lost $639 million, or $2.57 a share. Sales fell to $7.9 billion from $9.6 billion a year ago. Analysts polled by FactSet had expected United to report an adjusted loss of $2.85 a share on sales of $8.3 billion. United said its total liquidity as of Wednesday was about $9.6 billion, including $2 billion under its yet-untouched revolving credit facility. United said it expects a daily cash burn to average between $40 million and $45 million during the second quarter of 2020. "While Show less Read more
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