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Why United Airlines Stock Is Falling Today

·2 min read
Why United Airlines Stock Is Falling Today
In this article:
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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.