American airline United Airlines reported revenue in line with expectations for the third quarter. Adjusted earnings per share were better than expected.
Revenue rose to $7.75 billion (2.49), but compared to the same quarter in 2019, there was a decrease of 32 percent. The outcome can be compared with analyst consensus, which was 7.64.
Adjusted Earnings per share were -1.02 dollars (-8.16), which is better than the analyst consensus of -1.67.
The airline expects capacity in the fourth quarter to be 23 percent lower than in 2019. Revenue is expected to decrease 25-30 percent compared to two years ago.
Source: FinWire
