Shares of United Airlines are tumbling based on the carrier's gloomy outlook for fourth-quarter profit.
Associated PressFILE - In this July 2, 2021 file photo, a United Airlines jetliner taxis down a runway for take off from Denver International Airport in Denver. United Airlines reports earnings on Tuesday, Oct. 17, 2023. Shares of United Airlines tumbled more than 7% on Wednesday morning and took the rest of the industry down with them after the carrier gave a gloomy outlook for fourth-quarter profit, which will be reduced by rising jet fuel prices.
Investors, however, focused immediately on the airline's prediction that fourth-quarter earnings would be between $1.50 and $1.80 per share, well below analysts' forecast of $2.09 per share.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
Shares of United Airlines plunge on sour outlook for 4Q profit because of rising fuel pricesShares of United Airlines are tumbling based on the carrier's gloomy outlook for fourth-quarter profit. And they're taking other airline stocks lower, too. United said after the market closed Tuesday that it earned $1.14 billion in the third quarter, which included much of the summer vacation-travel season.
Baca lebih lajut »
United Airlines Q3 results beat estimates, but guidance falls short; shares slipUnited Airlines Q3 results beat estimates, but guidance falls short; shares slip
Baca lebih lajut »
United Airlines forecasts weaker quarterly profit on higher costsUnited Airlines Holdings (UAL.O) on Tuesday forecast weaker fourth-quarter earnings due to higher costs, sending its shares down more than 4%.
Baca lebih lajut »
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.
Baca lebih lajut »
United Airlines says pricier fuel, war in Middle East will weigh on profitsUnited said higher fuel costs and its halt of service to and from Tel Aviv will cut into its bottom line in the last three months of the year.
Baca lebih lajut »
United Airlines set to change its boarding process this month: reportsUnited travelers who have a window seat or middle seat are boarding earlier than those who possess an aisle seat.
Baca lebih lajut »