Previous close | 2.8400 |
Open | 2.8500 |
Bid | 0.0000 |
Ask | 0.0000 |
Strike | 40.00 |
Expiry date | 2025-06-20 |
Day's range | 2.8400 - 2.8500 |
Contract range | N/A |
Volume | |
Open interest | N/A |
It has been a turbulent few weeks for airlines but earnings season could prove to be a turning point. United Airlines shares jumped 11.1% to $46.12 in early trading, the best-performing stock in the The move came after the carrier posted its earnings late Tuesday. American Airlines up 4% Delta Air Lines up 2.5%, and Southwest Airlines which rose 2.3%, were also among the biggest risers.
United Airlines has had more than its fair share of problems in recent months, but its first-quarter financial results included better-than-expected revenue and earnings. United reported a net loss of $124 million, or 38 cents a share, and an adjusted net loss of $50 million, or 15 cents a share. Because of its exposure to Boeing’s temporarily-grounded MAX 9 aircraft, United had forecast a loss of between 85 cents and 35 cents a share.
Ahead of earnings season, the airline presents a high-risk, potentially high-reward opportunity due to the company's low-margin profile and leveraged balance sheet