United Airlines Profit Forecast Misses Wall Street Estimates
United Airlines projected fourth-quarter profit below Wall Street estimates as surging jet fuel costs offset strong travel demand and record revenue. The carrier expects higher expenses to squeeze margins.
Xurve View
Insights:
Xurve View
UNITED AIRLINES HOLDINGS INC forecast fourth-quarter profit below Wall Street estimates on Tuesday, projecting adjusted earnings of 50 cents to $1.50 per share against an average analyst expectation of $1.76. The carrier cited soaring jet fuel costs that threaten to outpace record travel demand and higher ticket prices. The profit shortfall highlights how escalating fuel expenses are squeezing margins across the airline industry.
