Sara Nelson, Association of Flight Attendants international president, joins 'Squawk Box' to discuss news United Airlines launching a $1.5 billion share buyback program, the backlash from flight attendant's union, state of negotiations between the union and the airline, and more.
United Airlines Holdings Inc (NASDAQ:UAL, ETR:UAL1) expects higher-than-predicted profits in the fourth quarter after beating third-quarter earnings forecasts. The airline reported adjusted earnings of $3.33 per share, surpassing Wall Street's estimate of $3.17.
While the Dow and S&P 500 rolled back closing highs, United (UAL) and J.B. Hunt (JBHT) are up on strong Q3 figures.
While the top- and bottom-line numbers for United (UAL) give a sense of how the business performed in the quarter ended September 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
United Airlines (UAL) came out with quarterly earnings of $3.33 per share, beating the Zacks Consensus Estimate of $3.10 per share. This compares to earnings of $3.65 per share a year ago.
Nicolas Owens, Morningstar Research Services industrials equity analyst, breaks down United Airlines' third-quarter earnings on "Bloomberg The Close." United said adjusted profit was $3.33 a share in the period.
Revenue from basic economy seats shot up 20% at United.
United Airlines' third quarter revenue and earnings topped Wall Street estimates. The airline said it will buy back $1.5 billion worth of shares, its first buyback since before the pandemic.
Shares of United Airlines (UAL) soared to a 52-week-high ahead of its 3Q earnings report. Andy Swan with @LikeFolio attributes the rise to United "investing where it really matters for the customer.
United Airlines Holdings Inc UAL will report its third-quarter earnings on Tuesday following the market close, and investors will watch closely. Wall Street expects the company to deliver earnings per share (EPS) of $3.13 and revenues of $14.78 billion.
United Airlines (NASDAQ: UAL) will report its Q3 2024 results on Wednesday, October 16. We expect the company's revenues to come in at $14.85 billion and earnings to be $3.15 per share, slightly ahead of the consensus estimates of $14.78 billion and $3.12, respectively.
Looking beyond Wall Street's top -and-bottom-line estimate forecasts for United (UAL), delve into some of its key metrics to gain a deeper insight into the company's potential performance for the quarter ended September 2024.