United Airlines third-quarter profit falls, hurt by storms

FAN Editor

United Airlines <UAL.N> on Wednesday said its third-quarter net income fell by a third to $669 million from the year-ago period, partly due to $185 million in pretax losses caused by canceled flights during the Atlantic hurricane season.

Continue Reading Below

The Chicago-based carrier’s passenger revenue per available seat mile, a closely watched measurement of an airline’s performance, fell 3.7 percent, about 1 percentage point of which was attributable to disruptions caused by storms.

For the current quarter, United forecast that passenger revenue per available seat mile would decline by 1 percent to 3 percent.

(Reporting by Alana Wise; Editing by Bill Rigby)

Leave a Reply

Next Post

American Express tops Street 3Q forecasts

NEW YORK (AP) – American Express Co. (AXP) on Wednesday reported third-quarter earnings of $1.36 billion. Continue Reading Below On a per-share basis, the New York-based company said it had profit of $1.50. The results beat Wall Street expectations. The average estimate of 11 analysts surveyed by Zacks Investment Research […]

You May Like