
United (UAL) Shares Fall after Airlines Forecasts Q1 2023 Loss
In addition to its shares falling, United Airlines also expects a “Q1 2023 average fuel price per gallon3 of between $3.31 and $3.41.”
In addition to its shares falling, United Airlines also expects a “Q1 2023 average fuel price per gallon3 of between $3.31 and $3.41.”
In 2021, United Airlines is going to focus on preparing for a recovery. It targets to fully get back to normal by 2023.
According to the International Air Transport Association (IATA), airlines worldwide are expected to lose $84.3 billion this year because of the COVID-19 pandemic.
On Thursday, American Airlines (AAL) stock jumped 41% to $16.72 at the close, which is the biggest gain since 2013 when the company merged with US Airways. The jump followed the carrier’s announcement about boosting its capacity.
The three major Wall Street averages have soared on Wednesday. Dow Jones is nearly 400 points up. Stocks like Facebook and Amazon jumped as well, hitting new all-time records.
United Airlines has reached out to the U.S. government requesting $4.5 billion in loans to keep their operations floating. The airlines operator has also offered the government a higher stake in the company with a fresh stock offering.
United Airlines (UAL) stock is said to have good chances to rise after the COVID-19 situation is over. Today it is fully in the green.