United Airlines reported a strong second quarter, with revenue exceeding expectations. However, the stock is falling in US after-hours trading due to the company's skyrocketing fuel costs.<\/p>\n\n\n\n
United Airlines released the company's interim report after Wall Street closed on Wednesday evening.<\/p>\n\n\n\n
Adjusted earnings per share came in at $1.99, down from $3.87 in the prior-year quarter, but higher than the expected $1.85 \u2013 according to Bloomberg's analyst consensus.<\/p>\n\n\n\n
United Airlines raises its full-year earnings per share forecast to a range of $9 to $11, from a previously set range of $7 to $11. <\/p>\n\n\n\n
Operating income amounted to $17.67 billion, an increase of 16 percent from the same period last year. Expectations were $17.55 billion.<\/p>\n\n\n\n
Despite the strong numbers, the airline's shares fell 1.8 percent in after-hours trading. The reason is that the company estimates that jet fuel costs will increase by $6 billion this year \u2013 equivalent to around 57.5 billion Swedish kronor.<\/p>\n\n\n\n
The average fuel price per gallon increased 79 percent from the comparable quarter to $4.19. This was closely in line with analysts' expectations.<\/p>\n\n\n\n
The increased costs are due to the rise in oil prices as a result of the fighting in the Middle East and its impact on the important Strait of Hormuz.<\/p>\n\n\n\n
Source: DI.SE<\/p>","protected":false},"excerpt":{"rendered":"
Flygbolaget United Airlines redovisar ett starkt andra kvartal, med int\u00e4kter \u00f6ver f\u00f6rv\u00e4ntningarna.\u00a0Trots det backar aktien i den amerikanska efterhandeln till f\u00f6ljd av bolagets skenande br\u00e4nsleutgifter. United Airlines sl\u00e4ppte\u00a0bolagets del\u00e5rsrapport efter Wall Streets st\u00e4ngning p\u00e5 onsdagskv\u00e4llen. Den justerade vinsten per aktie landade p\u00e5 1,99 dollar, ett tapp fr\u00e5n j\u00e4mf\u00f6relsekvartalets 3,87 dollar, men h\u00f6gre \u00e4n f\u00f6rv\u00e4ntade 1,85 […]<\/p>\n","protected":false},"author":25,"featured_media":303061,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[179],"tags":[7710,7445,799,85,212,2977,767,7313,8191,8809,8336,7592,1506,420,858,7785,376],"class_list":["post-304329","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-flyg","tag-biljettpriser","tag-branslekostnader","tag-ekonomi","tag-flyg","tag-flygbolag-travelguiden","tag-flygbranschen","tag-flygbransle","tag-flygpriser","tag-jetbransle","tag-kostnadsokningar","tag-marginaler","tag-oljepris","tag-resebranschen","tag-resenarer","tag-transport","tag-travel-report","tag-united-airlines"],"acf":[],"yoast_head":"\n