{"id":11887,"date":"2024-01-23T12:26:55","date_gmt":"2024-01-23T09:26:55","guid":{"rendered":"https:\/\/aviation-news.info\/?p=11887"},"modified":"2024-01-23T12:26:55","modified_gmt":"2024-01-23T09:26:55","slug":"united-airlines-sees-stronger-profit-in-2024-despite-a-hit-from-boeing-max-9-grounding","status":"publish","type":"post","link":"https:\/\/aviation-news.info\/?p=11887","title":{"rendered":"United Airlines sees stronger profit in 2024 despite a hit from Boeing MAX 9 grounding"},"content":{"rendered":"<div class=\"text__text__1FZLe text__dark-grey__3Ml43 text__regular__2N1Xr text__small__1kGq2 body__full_width__ekUdw body__small_body__2vQyf article-body__paragraph__2-BtD\" data-testid=\"paragraph-0\">CHICAGO, Jan 22 (Reuters) &#8211; United Airlines\u00a0<a class=\"text__text__1FZLe text__inherit-color__3208F text__inherit-font__1Y8w3 text__inherit-size__1DZJi link__link__3Ji6W link__underline_default__2prE_ link__with-icon__3x3oD\" href=\"https:\/\/www.reuters.com\/markets\/companies\/UAL.O\" target=\"_blank\" rel=\"noopener\" data-testid=\"Link\">(UAL.O), opens new tab<\/a>\u00a0on Monday provided an upbeat outlook for the full year despite warning of a wider-than-expected loss in the quarter through March due to the grounding of Boeing\u00a0<a class=\"text__text__1FZLe text__inherit-color__3208F text__inherit-font__1Y8w3 text__inherit-size__1DZJi link__link__3Ji6W link__underline_default__2prE_ link__with-icon__3x3oD\" href=\"https:\/\/www.reuters.com\/markets\/companies\/BA.N\" target=\"_blank\" rel=\"noopener\" data-testid=\"Link\">(BA.N), opens new tab<\/a>\u00a0737 MAX 9 airplanes.<\/div>\n<div class=\"text__text__1FZLe text__dark-grey__3Ml43 text__regular__2N1Xr text__small__1kGq2 body__full_width__ekUdw body__small_body__2vQyf article-body__paragraph__2-BtD\" data-testid=\"paragraph-1\">The company&#8217;s shares were up about 8% in extended trading, after closing down 1% at $38.45 in the regular session.<\/div>\n<div class=\"text__text__1FZLe text__dark-grey__3Ml43 text__regular__2N1Xr text__small__1kGq2 body__full_width__ekUdw body__small_body__2vQyf article-body__paragraph__2-BtD\" data-testid=\"paragraph-2\">United, along with rivals Delta Air Lines\u00a0<a class=\"text__text__1FZLe text__inherit-color__3208F text__inherit-font__1Y8w3 text__inherit-size__1DZJi link__link__3Ji6W link__underline_default__2prE_ link__with-icon__3x3oD\" href=\"https:\/\/www.reuters.com\/markets\/companies\/DAL.N\" target=\"_blank\" rel=\"noopener\" data-testid=\"Link\">(DAL.N), opens new tab<\/a>\u00a0and American Airlines\u00a0<a class=\"text__text__1FZLe text__inherit-color__3208F text__inherit-font__1Y8w3 text__inherit-size__1DZJi link__link__3Ji6W link__underline_default__2prE_ link__with-icon__3x3oD\" href=\"https:\/\/www.reuters.com\/markets\/companies\/AAL.O\" target=\"_blank\" rel=\"noopener\" data-testid=\"Link\">(AAL.O), opens new tab<\/a>, has benefited from increased demand for premium travel after the pandemic. It expects revenue from high-margin premium offerings to remain strong, helping generate an adjusted profit of $9-$11 per share in 2024. That compares with $9.58 per share expected by Wall Street analysts.<\/div>\n<div data-testid=\"paragraph-2\"><\/div>\n<div data-testid=\"paragraph-2\">\n<div class=\"text__text__1FZLe text__dark-grey__3Ml43 text__regular__2N1Xr text__small__1kGq2 body__full_width__ekUdw body__small_body__2vQyf article-body__paragraph__2-BtD\" data-testid=\"paragraph-3\">&#8220;Overall demand for travel remains strong and is expected to grow in the years ahead,&#8221; said Christopher Raite, senior analyst at research firm Third Bridge.<\/div>\n<div class=\"text__text__1FZLe text__dark-grey__3Ml43 text__regular__2N1Xr text__small__1kGq2 body__full_width__ekUdw body__small_body__2vQyf article-body__paragraph__2-BtD\" data-testid=\"paragraph-4\">United, however, expects an adjusted first-quarter loss in the range of 35 to 85 cents a share, assuming all MAX 9 planes remain grounded through the end of January. Analysts expected the company to report a quarterly loss of 21 cents a share.<\/div>\n<div class=\"text__text__1FZLe text__dark-grey__3Ml43 text__regular__2N1Xr text__small__1kGq2 body__full_width__ekUdw body__small_body__2vQyf article-body__paragraph__2-BtD\" data-testid=\"paragraph-5\">The U.S. aviation regulator this month\u00a0<a class=\"text__text__1FZLe text__inherit-color__3208F text__inherit-font__1Y8w3 text__inherit-size__1DZJi link__link__3Ji6W link__underline_default__2prE_\" href=\"https:\/\/www.reuters.com\/business\/aerospace-defense\/how-is-panel-that-blew-off-plane-made-how-did-it-break-2024-01-09\/\" data-testid=\"Link\">grounded MAX 9 jets indefinitely for safety checks<\/a>\u00a0after a cabin panel fell off during an Alaska Airlines\u00a0<a class=\"text__text__1FZLe text__inherit-color__3208F text__inherit-font__1Y8w3 text__inherit-size__1DZJi link__link__3Ji6W link__underline_default__2prE_ link__with-icon__3x3oD\" href=\"https:\/\/www.reuters.com\/markets\/companies\/ALK.N\" target=\"_blank\" rel=\"noopener\" data-testid=\"Link\">(ALK.N), opens new tab<\/a>\u00a0flight on Jan. 5, leaving a gaping hole in a jet full of passengers, necessitating an emergency landing.<\/div>\n<\/div>\n<div data-testid=\"paragraph-5\"><\/div>\n<div data-testid=\"paragraph-2\">Source: https:\/\/www.reuters.com\/business\/aerospace-defense\/united-airlines-forecasts-quarterly-loss-boeing-max-9-grounding-2024-01-22\/<\/div>\n","protected":false},"excerpt":{"rendered":"<p>CHICAGO, Jan 22 (Reuters) &#8211; United Airlines\u00a0(UAL.O), opens new tab\u00a0on Monday provided an upbeat outlook for the full year despite warning of a wider-than-expected loss in the quarter through March due to the grounding of Boeing\u00a0(BA.N), opens new tab\u00a0737 MAX 9 airplanes. The company&#8217;s shares were up about 8% in extended trading, after closing down &hellip;<\/p>\n","protected":false},"author":1,"featured_media":11888,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_bbp_topic_count":0,"_bbp_reply_count":0,"_bbp_total_topic_count":0,"_bbp_total_reply_count":0,"_bbp_voice_count":0,"_bbp_anonymous_reply_count":0,"_bbp_topic_count_hidden":0,"_bbp_reply_count_hidden":0,"_bbp_forum_subforum_count":0,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"_wpscppro_dont_share_socialmedia":null,"_wpscppro_custom_social_share_image":0,"_facebook_share_type":"","_twitter_share_type":"","_linkedin_share_type":"","_pinterest_share_type":"","_linkedin_share_type_page":"","_instagram_share_type":"","_medium_share_type":"","_threads_share_type":"","_google_business_share_type":"","_selected_social_profile":[],"_wpsp_enable_custom_social_template":false,"_wpsp_social_scheduling":{"enabled":false,"datetime":null,"platforms":[],"status":"template_only","dateOption":"today","timeOption":"now","customDays":"","customHours":"","customDate":"","customTime":"","schedulingType":"absolute"},"_wpsp_active_default_template":true},"categories":[98,102],"tags":[],"class_list":["post-11887","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-companies","category-featured-en"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.4 (Yoast SEO v27.4) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>United Airlines sees stronger profit in 2024 despite a hit from Boeing MAX 9 grounding - aviation news<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/aviation-news.info\/?p=11887\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"United Airlines sees stronger profit in 2024 despite a hit from Boeing MAX 9 grounding\" \/>\n<meta property=\"og:description\" content=\"CHICAGO, Jan 22 (Reuters) &#8211; United Airlines\u00a0(UAL.O), opens new tab\u00a0on Monday provided an upbeat outlook for the full year despite warning of a wider-than-expected loss in the quarter through March due to the grounding of Boeing\u00a0(BA.N), opens new tab\u00a0737 MAX 9 airplanes. 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