United Continental Q3 earnings 2017

Earnings


Timothy Fadek | Bloomberg | Getty Images

Passengers use self check-in kiosks inside the United Continental Holdings Inc. terminal at Newark Liberty International Airport (EWR) in Newark, New Jersey.

United Continental, the parent company of United Airlines, is set to report quarterly earnings and revenue after the bell on Wednesday.

Here’s how Wall Street expects the company to perform:

  • Earnings per share of $2.12, according to Thomson Reuters.
  • Revenue of $9.86 billion, according to Thomson Reuters.

United’s operations have been disrupted by a series of hurricanes that slammed the United States over the past two months. The airline has attributed $400 million in losses to Hurricane Harvey alone, which devastated Houston, Texas, the nation’s fourth-largest city. United operates a hub out of George W. Bush Intercontinental Airport and was forced to cancel 7,400 flights due to the storm.

In the wake of the storm, United lowered its third-quarter revenue guidance, projecting a 3.5 to 4 percent decline.

The company has also struggled to emerge from a public relations fiasco after security officials forcibly removed a passenger from an overbooked United Express flight operated by Republic Airways last April. A video of the incident went viral online, forcing United to issue a public apology and change some of its policies.

The company’s shares dropped nearly 4 percent after the incident. United has since settled with the passenger, Dr. David Dao, who was left bloodied and suffered a concussion during the altercation. The amount of the settlement has not been publicly disclosed.

The company’s stock is down by more than 6 percent year to date.



Source link

Products You May Like

Articles You May Like

United Airlines (UAL) results 1Q21
Where is it safe to go on a cruise in 2021
New $1,400 stimulus checks include people who filed 2020 tax returns
IBM earnings Q1 2021
Snap (SNAP) earnings Q1 2021

Leave a Reply

Your email address will not be published. Required fields are marked *