Consumer Discretionary

United Airlines Holdings (NASDAQ:UAL) reported quarterly earnings of $3.65 per share which beat the analyst consensus estimate of $3.39 by 7.67 percent. This is a 29.89 percent increase over earnings of $2.81 per share from the same period last year. The company reported quarterly sales of $14.48 billion which beat the analyst consensus estimate of $14.44 billion by 0.30 percent. This is a 12.48 percent increase over sales of $12.88 billion the same period last year.

UNITED AIRLINES Posts Q3 Revenue $14.48B, Vs. Street Est of $14.41B。

United Airlines (UAL) reported Q3 adjusted earnings late Tuesday of $3.65 a share, up from $2.81 a year earlier. Analysts polled by Capital IQ expected $3.41. Revenue for the quarter ended Sept. 30 was $14.5 billion, up from $12.9 billion a year earlier. Analysts surveyed by Capital IQ expected $14.41 billion. The airliner said it expects Q4 adjusted EPS of $1.50 to $1.80, depending on the suspension of Tel Aviv flights. Analysts polled by Capital IQ are expecting $2.15.

United Airlines Inc. late Tuesday released its third-quarter financial results, which showed steep declines in jet fuel prices and associated costs during the quarter. United announced it spent some $3.342 billion on fuel in the third quarter, representing a drop of 11% from the $3.755 billion it spent during the same period in 2022. Over the first nine months ended Sept. 30, the company said its fuel expenses fell by 4.7% versus the same time frame last year. United’s average fuel cost in the quarter was reported at $2.95/gal, which compares to $3.81/gal over the same time frame last year, a tumble of 22.6%. So far this year, United’s average fuel price is $2.97/gal, a decline of more than 19% from last year, when it averaged $3.67/gal. As demand for air travel continues to recover following the Covid-19 pandemic, United said its total passengers flown was up by 14.4% over