has had more than its fair share of problems in recent months and first-quarter earnings after the close Tuesday could be key in determining which flight path the stock takes from here.
One of those problems—its exposure to
Boeing
’s
temporarily grounded MAX 9 aircraft—means it’s likely to post a loss. The company’s own guidance is for a loss of between 85 cents and 35 cents per share. Wall Street is expecting the airline to post an adjusted loss of 58 cents per share on revenue of $12.5 billion in the first quarter.
United’s second-quarter guidance will likely be of more interest to investors, particularly because in the comparable period last year the airline hit record earnings of $5.03 per share. Analysts see United falling short of that, estimating $3.73 per share.
There is some hope for investors after
’ outlook last week…