Advertisement
Canada markets close in 4 hours 41 minutes

  • S&P/TSX

    21,870.23
    -141.49 (-0.64%)
     

  • S&P 500

    5,058.25
    -12.30 (-0.24%)
     

  • DOW

    38,351.48
    -152.21 (-0.40%)
     

  • CAD/USD

    0.7286
    -0.0034 (-0.47%)
     

  • CRUDE OIL

    82.59
    -0.77 (-0.92%)
     

  • Bitcoin CAD

    89,280.65
    -2,196.02 (-2.40%)
     

  • CMC Crypto 200

    1,407.94
    -16.16 (-1.13%)
     

  • GOLD FUTURES

    2,346.60
    +4.50 (+0.19%)
     

  • RUSSELL 2000

    1,991.28
    -11.36 (-0.57%)
     

  • 10-Yr Bond

    4.6520
    +0.0540 (+1.17%)
     

  • NASDAQ

    15,707.09
    +10.45 (+0.07%)
     

  • VOLATILITY

    16.07
    +0.38 (+2.42%)
     

  • FTSE

    8,037.61
    -7.20 (-0.09%)
     

  • NIKKEI 225

    38,460.08
    +907.92 (+2.42%)
     

  • CAD/EUR

    0.6816
    -0.0020 (-0.29%)
     
MARKETS LIVE BLOG:

STOCKS TRADE MIXED, TESLA SURGES DAY AFTER EARNINGS

Tesla shares jump after EV maker vows to speed up launch of more affordable models

United Airlines sees first-quarter revenue falling 66%

Reuters
Updated ·1 min read
FILE PHOTO: United Airlines first new livery Boeing 737-800 sits at a gate O'Hare International Airport in Chicago

(Reuters) -United Airlines said it expects first-quarter revenue to drop by 66%, which is near the lower end of its prior forecast, buoyed by improving demand for domestic travel.

The company said it now expects first-quarter revenue to fall 66% to $3.2 billion from the same period in 2019. It had previously forecast a drop of between 65% and 70%. (https://bit.ly/3t79pIq)

The airline said its average daily cash burn for the quarter is expected to be about $9 million per day, an improvement of about $10 million compared to the fourth quarter of 2020.

(Reporting by Ankit Ajmera in Bengaluru; Editing by Maju Samuel)