. The airline lost $8.16 per share while analysts had forecast a loss of $7.53 per share, according to Refinitiv. United's third-quarter revenue also missed analyst expectations. "Even though the negative impact of COVID-19 will persist in the near term, we are now focused on positioning the airline for a strong recovery," CEO Scott Kirby said in a statement.— Alcoa shares dipped 4.2% even after the aluminum company posted better-than-expected third-quarter results.
— Sleep Number shares rallied more than 8% in after-hours trading on the back of stronger-than-forecast quarterly results. The bedding maker reported earnings per share of $1.79 on revenue of $531.2 million. Analysts expected a profit of $1.06 per share on revenue of $523.5 million. Comparable sales rose more than 11%, driven by strong online and phone sales growth. The company also issued stronger-than-expected guidance for the full year.
I'd be surprised if half the airlines in the world today are still around in five years. Only those backed by wealthy nations will likely survive.
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