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UAL Jun 2024 55.000 put
| Previous close | 6.80 |
| Open | 8.90 |
| Bid | 0.00 |
| Ask | 0.00 |
| Strike | 55.00 |
| Expiry date | 2024-06-21 |
| Day's range | 6.80 - 9.00 |
| Contract range | N/A |
| Volume | |
| Open interest | N/A |
- Yahoo Finance Video
Boeing impact to United's Q1 profit was 'limited': Analyst
United Airlines (UAL) managed to top first-quarter earnings estimates on both the top and bottom lines even after accounting for a $200 million hit to profits tied to the grounding of Boeing planes (BA). Morningstar Industrials Equity Analyst Nick Owens joins the Morning Brief to talk about United's quarterly results as the airline industry contends with the fallout from Boeing's manufacturing concerns. "In a way, you could say that the damage here was pretty limited, they have whatever it was — 50, 60 planes that they had to ground and inspect — and on $11 billion-plus in revenue for the quarter, they're saying it was a $200 million hit," Owens tells Yahoo Finance. "Which was the difference between them making money or losing money. To me, that just goes to show how narrow the margins in airlines really are." For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Luke Carberry Mogan.
- Reuters
UPDATE 2-United Airlines says Boeing to compensate for damages caused by MAX 9 grounding
United Airlines will receive compensation from planemaker Boeing for financial damages incurred in the first quarter due to the grounding of 737 MAX 9 aircraft, the carrier said on Wednesday. U.S. regulators had in January grounded some Boeing 737 MAX 9 aircraft for about three weeks for safety checks after a cabin panel blowout on an Alaska Airlines-operated MAX 9 jet. The incident had forced United Airlines — a prominent Boeing customer — to temporarily suspend service on all 79 of its 737 MAX 9 aircraft, which resulted in a $200 million hit for the airline in the first quarter.
Barrons.comThese Stocks Moved the Most Today: United Airlines, Travelers, DJT, J.B. Hunt, ASML, Autodesk, and More
Revenue at United Airlines jumps 10% on strong travel demand, catastrophe losses at Travelers rise in the first quarter, and demand weakens at trucking company J.B. Hunt.
