Business & Finance
United Airlines Misses Estimates, Squeezed by Soaring Fuel Costs
Key Points
Transportation United Airlines Misses Estimates, Squeezed by Soaring Fuel Costs United Airlines Holdings Inc. forecast weaker-than-expected earnings for the final three months of the year, underscoring how soaring jet fuel prices are eating into airline profits despite resilient demand for air travel. The Chicago-based carrier expects adjusted fourth-quarter earnings of 50 cents to $1.50 a share, below the $1.88 analysts had anticipated on average, after fuel expenses surged 61.6% to $4.84...
Transportation
United Airlines Misses Estimates, Squeezed by Soaring Fuel Costs
United Airlines Holdings Inc. forecast weaker-than-expected earnings for the final three months of the year, underscoring how soaring jet fuel prices are eating into airline profits despite resilient demand for air travel.
The Chicago-based carrier expects adjusted fourth-quarter earnings of 50 cents to $1.50 a share, below the $1.88 analysts had anticipated on average, after fuel expenses surged 61.6% to $4.84 billion during the previous quarter.