CHICAGO (Reuters) – United Airlines Holdings on Monday forecast a wider-than-expected loss in the quarter through March due to the grounding of Boeing 737 MAX 9 airplanes.
The Chicago-based carrier expects an adjusted loss in the range of 35 to 85 cents a share, assuming all MAX 9 planes remain grounded through the end of January. Analysts expected the company to report a quarterly loss of 21 cents a share.
The company, however, estimates an adjusted profit of $9-$11 per share in 2024. That compares with $9.58 per share expected by Wall Street analysts.
(Reporting by Rajesh Kumar Singh in Chicago; Editing by Matthew Lewis)
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