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Benzinga
Benzinga
Business
Adam Eckert

Why United Airlines Shares Are Ascending Today

United Airlines Nasdaq United Airlines Holdings Inc

United Airlines Holdings Inc (NASDAQ:UAL) shares are trading higher Thursday after the company reported financial results and announced it expects to return to profitability in the second quarter. 

United reported first-quarter revenue of $7.57 billion, which came in below the $7.68 billion estimate, according to data from Benzinga Pro. The airline reported a quarterly earnings loss of $4.24 per share, which missed the estimate for a loss of $4.21 per share. 

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