United Airlines Reports Earnings Today. What to Expect.

United Airlines reported “strong and steady domestic demand” and a record-setting international performance for the third quarter, surpassing analysts’ expectations.

In addition, United is projecting average fuel cost per gallon of $3.28 in the fourth quarter, up 11% from $2.95 in the third quarter.United isn’t the only U.S. or global carrier to stop service to Israel, but it had more flights to Israel than other U.S. airlines, with service from Washington, D.C., Newark, and San Francisco, CNBC reported.

Adjusted earnings of $3.65 a share beat the $3.38 a share expected, but analysts were looking for more than just numbers. However, all that wasn’t enough to lift shares, which have now fallen 30% since their July peak. Higher jet fuel prices in the third quarter and rising oil prices in the near term as a result of the Israel-Hamas war are among the factors keeping pressure on airline stocks.

If larger carriers can’t boost their shares by posting strong profits, record revenue, and signaling robust demand, spare a thought for the low-cost carriers including JetBlue Airways , Spirit Airlines , and Frontier Airlines , which are all expected to post a loss.

Россия Последние новости, Россия Последние новости

Similar News:Вы также можете прочитать подобные новости, которые мы собрали из других источников новостей

United Airlines Reports Earnings Today. What to Expect.The company will begin a flurry of earnings in the sector after Delta kicked things off last week.
Источник: MarketWatch - 🏆 3. / 97 Прочитайте больше »

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.
Источник: startelegram - 🏆 248. / 63 Прочитайте больше »

Stocks edge lower, retail sales on deck, Goldman Sachs, United Airlines, Johnson & Johnson earningsStocks lower, retail sales, Goldman Sachs, United Airlines, Johnson & Johnson
Источник: startelegram - 🏆 248. / 63 Прочитайте больше »

U.S. stocks jump ahead of a wave of corporate earnings reports, economic dataU.S. stocks jump ahead of a wave of corporate earnings reports, economic data
Источник: Investingcom - 🏆 450. / 53 Прочитайте больше »

Earnings Tuesday: Bank of America, Goldman Sachs continue parade of bank reportsFollow along with MarketWatch's live coverage of Tuesday's earnings slate.
Источник: MarketWatch - 🏆 3. / 97 Прочитайте больше »