Skift Take
United’s 3rd quarter monetary outcomes could have been far even worse had it not been for government aid and an uptick in travel demand.
Dennis Schaal
United Airlines Holdings on Tuesday reported a narrower-than-expected third-quarter loss, helped by a recovery in travel demand.
On an adjusted basis, the Chicago-based carrier reported a loss of $1.02 per share, compared to a loss of $8.16 per share last year. Analysts surveyed by Refinitiv, on average, expected the airline to report a quarterly loss of 1.67 per share.
With federal government pandemic aid, the airline company reported a net profit of $1.44 per share for the quarter.
Third-quarter earnings was available in at $7.75 billion, compared to $2.49 billion a year ago and was above Wall Street’s quotes of $7.64 billion.
(Reporting by Rajesh Kumar Singh Modifying by Expense Berkrot)
This short article was from Reuters and was legally certified through the Market Dive publisher network. Please direct all licensing questions to [e-mail protected]
< img alt ="" width="1" height="1" data-src="https://pixel.welcomesoftware.com/px.gif?key=YXJ0aWNsZT01NjAyYjZhODMxMWYxMWVjYmU2NWMyZGVkNjNlZGFiZQ==" src="image/gif; base64, R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw = ="/ > < img src="https://pixel.welcomesoftware.com/px.gif?key=YXJ0aWNsZT01NjAyYjZhODMxMWYxMWVjYmU2NWMyZGVkNjNlZGFiZQ==" alt ="" width="1" height="1"/ >