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United Airlines is forecasting a weaker fourth-quarter profit due to higher costs and the suspension of flights to Tel Aviv. The carrier cites pricier fuel and the ongoing war in the Middle East as factors that will weigh on its profits. The projection falls short of analysts' estimates, indicating the impact of geopolitical issues on the airline industry. United Airlines reported stronger-than-expected earnings in the third quarter but expects a decline in profit for the current quarter. The airline's stock price dropped by 4.4% after the announcement.
United Airlines forecasts weaker quarterly profit on higher costs https://t.co/1MZVm5r199 https://t.co/X5gk4CpIDm
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
"It's a good indication of how geopolitical issues can have an effect," Boyd Group International President Mike Boyd says on $UAL Q3 earnings. "It's natural for United [Airlines] to say the fourth quarter may not be as rosy as we might've expected originally." https://t.co/Xi59kHh8Ir
United says pricier fuel, war in Middle East will weigh on profits https://t.co/oUOdo0SAIm
$UAL -4.4% AH United says pricier fuel, war in Middle East will weigh on profits https://t.co/QRfKX2g26J
✈️ 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