United Airlines stock tanks 7% after airline guides for quarterly loss on lower demand, higher fuel prices

United Airlines Holdings Inc. stock fell more than 7% in the extended session Monday after the airline surprised Wall Street by guiding for a loss in its first quarter, saying it saw lower-than-expected demand in January and February and continued to feel the pinch of high fuel prices.

United UAL said it expects a quarterly loss between 60 cents a share and $1 a share, which contrasts with FactSet consensus for an adjusted profit of 64 cents a share in the quarter.

The…