Shares of United Airlines have toppled after the provider provided a dismal outlook for fourth-quarter earnings
ByThe Associated Press
October 18, 2023, 10: 23 AM
FILE – In this July 2, 2021 file image, a United Airlines jetliner taxis down a runway for take off from Denver International Airport in Denver. United Airlines reports profits on Tuesday, Oct. 17,2023 (AP Photo/David Zalubowski, file)
The Associated Press
Shares of United Airlines toppled 9.7% on Wednesday after the provider provided a dismal outlook for its fourth-quarter revenue, which will be decreased by increasing jet fuel costs.
In addition, United’s earnings might be under pressure the longer that flights to Israel are suspended for the Israel-Hamas war.
United’s stock suffered its greatest one-day portion decrease because July2022 Other U.S. airlinecompany stocks likewise fell.
United reported after the market closed Tuesday that it made $1.14 billion in the 3rd quarter, pounding Wall Street expectations for earnings and earnings.
Investors, nevertheless, focused instantly on the airlinecompany’s forecast that fourth-quarter incomes would be inbetween $1.50 and $1.80 per share, well listedbelow experts’ projection of $2.09 per share.
United stated whether professional