United Airlines jumps more than 13% on strong earnings forecast, cuts 2024 fleet plan on Boeing delays
Publishing timestamp: 2024-04-17 12:22:34
Summary
United Airlines slashes expected aircraft deliveries due to Boeing's quality crisis, but still forecasts strong earnings for the second quarter. The airline plans to add leased Airbus A321neo jets in the next few years and is adjusting its fleet plan to reflect reality. United also faces FAA safety review and delays in planned growth. Despite these challenges, the airline reported better-than-expected results for the first quarter.
Sentiment: POSITIVE
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Source: https://www.cnbc.com/2024/04/16/united-airlines-ual-1q-2024-earnings.html