United Airlines is projecting a fourth-quarter profit that falls short of analysts' estimates as the carrier faces pressure from a suspension of flights to Tel Aviv and higher jet fuel costs. The forecast comes after the airline reported stronger-than-expected earnings in the third quarter. However, due to higher costs, United Airlines expects weaker profit in the current quarter. The company's performance is impacted by the suspension of flights to Tel Aviv and the rising prices of jet fuel. This news follows American Airlines' announcement of slashing its 2023 earnings expectations, also due to surging jet fuel prices and waning demand.
NEW: American Airlines slashes its 2023 earnings expectations, hurt by surging jet fuel prices and waning demand https://t.co/MYHnP6PZ4b
$UAL (-5.4% pre) United Airlines shares drop 5% as guidance falls short of analyst estimates - inv https://t.co/GZ6S5WZBMc
just glanced at the $UAL earnings release.. so load factors are down year-over-year, and people are bullish airlines? interesting....
United Airlines is projecting a fourth-quarter profit that falls short of analysts’ estimates as the carrier faces pressure from a suspension of flights to Tel Aviv and higher jet fuel costs https://t.co/y7kPENFPhi
United Airlines is projecting a fourth-quarter profit that falls short of analysts’ estimates as the carrier faces pressure from a suspension of flights to Tel Aviv and higher jet fuel costs https://t.co/ogg4XqWogu
✈️ UNITED AIRLINES FORECASTS WEAKER Q4 PROFIT ON HIGHER COSTS Full Story → https://t.co/1Fn7xYt3fi United Airlines Holdings on Tuesday reported stronger-than-expected earnings in the third quarter, but forecast weaker profit in the current quarter due to higher costs. https://t.co/1qwWTFwhBX
UNITED AIRLINES $UAL JUST REPORTED EARNINGS EPS of $3.65 beating expectations of $3.34 Revenue of $14.5B beating expectations of $14.4B