United Airlines Holdings Inc (NASDAQ: UAL) shares have been sliding since the company filed an 8-K with the SEC, providing an update on its 1Q23 guidance. UAL cut its adjusted EPS outlook to $(0.60)-$(1.00), compared to prior guidance of $0.50-$1.00 versus a consensus estimate of $0.68, and adjusted pre-tax margin of (2%)-(4%), compared to prior ~3%. It now sees capacity (vs. 2022) at ~23% (prior ~20%) and expects total operating revenue to increase ~51% (prior 50%). Total revenue per available
Boeing CEO strikes a bullish note on demand.