Here comes United Airlines ...
Analysts forecast that the company earned $0.38 in adjusted earnings per share and operating revenue of $8.83 billion, according to Bloomberg.
The highlight of these results is likely to be the earnings call on Tuesday when analysts get to hear more from executives on the business and last week's incident.
Law enforcement officers dragged Dr. David Dao off a plane on Sunday April 9 after he was asked and refused to give up his seat for crew members even after an offer of $800 in exchange.
Investors initially shrugged off the outcry, but sold shares as the video of a bloodied Dao spread globally on social media. The stock fell 2.6% last week. That was a muted reaction considering its 21% rally in the prior 12 months, far outpacing shares of Delta and American Airlines.
United dealt with more controversy over the weekend after a couple headed to their wedding in Costa Rica claimed they were removed from a flight. The airline said they had tried to seat in a class they did not pay for.
Because the now-viral incident happened in April, any impact that #BoycottUnited and other protest action has on sales would only really show in the second-quarter earnings due about three months from now.
Last week, United Airlines raised its full-year outlook for capacity growth to a 2.5%-3.5% range, up from 1%-2%. Wall Street will be looking out for the impact of fuel and labor costs on United's first-quarter performance, Bloomberg noted.
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