A United Airlines Boeing 737 Max 9 aircraft lands at San Francisco International Airport in Burlingame, California on March 13, 2019.
Justin Sullivan | Getty Images
United Airlines reported its fifth straight quarterly loss on Monday, although demand for travel has improved recently as vaccinations surge and governments relax travel restrictions.
The company posted a net loss of $ 1.36 billion on revenue of $ 3.22 billion in the first quarter, a decrease of nearly 60% from revenue of nearly $ 8 billion in the first quarter of 2019 .
United shares fell 1.6% in after-hours trading.
Here’s how United performed in the first quarter compared to Wall Street’s expectations, based on Refinitiv’s average estimates:
Company executives will discuss the findings on Tuesday at 10:30 am ET.
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