Why United Airlines Stock Is Falling Today

Shares of United Airlines Holdings (NASDAQ: UAL) fell 5% at the open on Tuesday after first-quarter results failed to impress. On Monday evening United reported a first-quarter adjusted loss of $7.50 per share on revenue of $3.2 billion, falling just short of the consensus estimate of a $7.05-per-share loss on $3.27 billion in revenue. Total revenue declined 59.6% year over year, as expected, but higher-than-expected payroll and maintenance costs weighed on results.