It’s shaping up to be an earnings season for the history books for the largest U.S. airlines. But you wouldn’t know it looking at the stock market.
That’s because the strong summer travel season is a distant memory for investors who have more pressing matters to digest when it comes to airlines. Along with the guidance disappointment, United’s exposure to Israel is likely a significant factor behind its underperformance. Seaport Research analyst Daniel McKenzie said Israel accounts for around 2% of United’s total flying.
American’s impact from the Israel-Hamas conflict is likely to be less severe than that of United when it reports earnings Thursday. Analysts expect the company to report earnings per share of 25 cents in the third quarter on revenue of $13.5 billion, according to FactSet data.
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United Airlines earnings in focus as Delta sees more travel demand, higher fuel costsRecord summer travel figures are likely to boost profits for United Airlines, but surging fuel costs could clip it bottom line heading into the final months of the year.
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Stocks edge lower, retail sales on deck, Goldman Sachs, United Airlines, Johnson & Johnson earningsStocks lower, retail sales, Goldman Sachs, United Airlines, Johnson & Johnson
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