United 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.
United and other airlines with big international networks benefitted from a surge in trips abroad this summer.said more expensive jet fuel and a halt to the carrier's Tel Aviv flights during the Israel-Hamas war will eat into its profits in the last three months of the year.
For the current quarter, the Chicago-based carrier estimated adjusted earnings of between $1.50 and $1.80 a share, below analysts' forecasts of $2.06.in July of between $11 and $12 a share, based on its projection for the fourth quarter. Jet-fuel prices in major U.S. airports are up nearly 25% since the start of summer.their flights to Israel earlier this month. United had more service to Israel than any of the U.S.-based airlines with service from Washington D.C.
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