| NEW YORK, April 17
NEW YORK, April 17 United Continental Holdings
Inc on Monday released first-quarter earnings that
matched analysts' expectations on several key measures, and
again apologized for the forceful removal of a passenger from a
flight last week.
The parent company of United Airlines, the U.S. industry's
third-largest by passenger traffic, reported earnings of 41
cents per share, excluding special items, beating analysts'
consensus forecast of 38 cents.
Revenue of $8.4 billion was up 2.7 percent year-over-year,
slightly above the average estimate of $8.38 billion.
"In the first quarter of 2017, our financial and operational
performance gives us a lot of confidence about the foundation we
are building. It is obvious from recent experiences that we need
to do a much better job serving our customers," Chief Executive
Oscar Munoz said in a statement.
United is recovering from a public relations debacle after a
passenger, Dr. David Dao, was dragged from his seat off the
plane in O'Hare International Airport to make space for crew
"The incident that took place aboard Flight 3411 has been a
humbling experience, and I take full responsibility. This will
prove to be a watershed moment for our company, and we are more
determined than ever to put our customers at the center of
everything we do," Munoz said.
United shares rose 2.46 percent after closing 1.7 percent
higher at $70.77.
(Reporting by Alana Wise; Editing by Richard Chang)