United Airlines Holdings Inc (NASDAQ: UAL) shares are trading lower in Tuesday's after-hours session on the heels of the company's third-quarter results. Here's a rundown of the report and a look at what's driving the action.
Q3 Key Metrics: United said total operating revenue in the third-quarter increased 12.5% year-over-year to $14.48 billion, which beat the consensus estimate of $14.44 billion, according to Benzinga Pro. The company reported adjusted quarterly earnings of $3.65 per share, which beat estimates of $3.39 per share.
Capacity was up 15.7% year-over-year. Total revenue per available seat mile was down 2.8%; costs per available seat mile were down 3.6%, but 2.6% higher excluding ...