United Airlines reported its 1Q earnings on Tuesday after the bell, in line with expectations after warning investors that higher jet fuel prices, capacity growth and lower demand in January and February would impact its bottom line.
The firm reported an adjusted net loss of $207 million, or $0.63 per share, versus the $0.73 per share expected by the Street.
But its 2Q outlook excited investors and sent shares higher after the bell.
The US carrier said it expects a profit of $3.50 to $4 a share in the second quarter, which is above consensus estimates of $3.65 a share, according to Refinitiv data.
The company also retained its full-year profit outlook.
Total operating revenue came in at $11.4 billion, which was in line with estimates and up 51% compared to 1Q 2022.
Shares of United gained 2% in New York's after-hours trading.
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