: United Airlines sees first-quarter revenue below Wall Street consensus, but positive cash flow in March #FinanceUSA #StockMarketNEWS United Airlines Holdings Inc. disclosed Monday that it had positive

@stockMarketNEWS Tue 13 Apr, 2021

Posted in: #FinanceUSA #StockMarketNEWS

United Airlines sees first-quarter revenue below Wall Street consensus, but positive cash flow in March #FinanceUSA #StockMarketNEWS
United Airlines Holdings Inc. disclosed Monday that it had positive average daily core cash flow in March, and expects positive average daily cash flow moving forward, as the air carrier said it has seen a "forward acceleration in customer demand" for travel and new bookings. The company expects first-quarter revenue of .2 billion, down 66% from the first-quarter of 2019. That compares with the company's previous guidance of revenue to fall 65% to 70% from 2019, and with the FactSet consensus of .35 billion. United's stock fell 1.1% in premarket trading. Separately, the company said it had billion in available liquidity as of March 31, including billion under the Coronavirus Aid, Relief and Economic Security Act (CARES Act) loan program. The company also disclosed plans a private offering of .5 billion in senior debt, with an intention to use the proceeds to repay debt. United's stock has rallied 35.1% year to date through Friday, while the U.S. Global Jets ETF has advanced 22.0% and the S&P 500 has gained 9.9%.

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