United Airlines Holdings Inc (NASDAQ: UAL) shares are moving lower Wednesday after the company reported third-quarter results and warned that fourth-quarter earnings could be as low as $1.50 per share versus $3.65 per share in the current quarter.
What Happened: United reported total operating revenue of $14.48 billion in the third-quarter, up 12.5% year-over-year and ahead of consensus estimates 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% and costs per available seat mile were down ...