United Leads Airline Rally On Earnings, Records $200 Million Hit From Boeing Grounding

Airline stocks rallied Wednesday morning after United Airlines cleared first-quarter earnings estimates in a late-Tuesday report. UAL stock popped on the results, triggering a modest early rally among major airline stocks.X Chicago-based United Airlines (UAL) reported a loss of 38 cents per share, compared to a loss of 59 cents the year prior. Including adjustments, United recorded a loss of 15 cents per share. Revenue increased 9.7% to $12.54 billion.FactSet analysts expected a loss of 54 cents per share o ...