Category: Turnaround

United Airlines Loses $194 Million but Sees 2Q Turnaround

United Airlines said Tuesday that it lost $194 million in the first quarter, but its revenue soared compared with last year, and the airline said consumer demand remains strong despite economic uncertainty. United predicted that results in the April-through-June quarter will be slightly better than Wall Street expects. Like Delta Air Lines, which reported financial…


Nokia Expects Its Turnaround to Continue in 2022

HELSINKI—Finnish telecoms equipment maker Nokia on Tuesday gave its first guidance for 2022, easing investors’ concerns over the impact the global chip shortage may have had on its operations. Nokia said it expected a comparable operating margin of 11–13.5 percent in 2022, sending its shares up 2.8 percent in the morning trade following the announcement….