United Airlines Holdings Inc (UAL) released its first quarter results on Tuesday, April 20, 2021. The company reported net earnings of -$4.29 per share for the first quarter ending March 31, 2021. Earnings for this past quarter were up 37 percent compared to the same period a year ago.
United Airlines Holdings, Inc. is headquartered in Chicago, Illinois. United Airlines Holdings, Inc., through its subsidiaries, provides air transportation services in North America, Asia, Europe, Africa, the Pacific, the Middle East, and Latin America. The company transports people and cargo through its mainline and regional fleets.
United Airlines Holdings' revenue decreased 75 percent over the past trailing twelve-month period versus the previous twelve-month period. Gross margins decreased to -63.64% for the first quarter compared to the same period in the previous year, and operating margins decreased to -85.63% over the same period. Net earnings for past trailing twelve months were $-6722.0 million, down 764% from the prior year.
Moving on to the balance sheet, United Airlines Holdings’ cash levels jumped 275% for the third quarter over the same period last year. Overall liquidity of the balance sheet, as measured by the current ratio, increased 130.11% this past year. The current ratio for United Airlines Holdings now stands at 1.13. The company increased shares outstanding by 24.13%.
Shares of UAL are currently trading around $50.30. In terms of valuation, the stock is trading at a price to book ratio of 3.06.
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This article was written by Value Investing News (https://www.valueinvestingnews.com) on Wednesday, April 21, 2021.