United Airlines has reported a much improved financial result for the first quarter of this year, with its losses significantly reduced and revenues ahead of expectation.
The carrier recorded a pre-tax loss of $164m for the quarter; marking a $92m improvement on the corresponding period last year; and a near 10% year-on-year increase in operational revenue to $12.54bn.
“I want to thank the United team for working so hard this quarter to deliver strong operational metrics for our customers and sharpen our focus on safety, while producing excellent financial results for our shareholders,” said United Airlines CEO Scott Kirby.
“We’ve adjusted our fleet plan to better reflect the reality of what the manufacturers are able to deliver. And, we’ll use those planes to capitalise on an opportunity that only United has: profitably grow our mid-continent hubs and expand our highly profitable international network from our best in the industry coastal hubs.”
