FX.co ★ United Airlines Holdings, Inc. Q3 Profit Decreases, But Beats Estimates

United Airlines Holdings, Inc. (UAL) announced a decline in third-quarter profits compared to the previous year; however, the results surpassed analysts' expectations. The net income for the company amounted to $0.97 billion, or $2.90 per share, down from $1.14 billion, or $3.42 per share, in the third quarter of the previous year. On an adjusted basis, which excludes certain items, United Airlines reported earnings of $1.11 billion, or $3.33 per share, for the period. This figure exceeded the average expectations of analysts, who had projected earnings of $3.17 per share, based on data from Thomson Reuters. Notably, analysts' forecasts typically exclude special items. The quarterly revenue showed a 2.5% increase, reaching $14.843 billion, up from $14.484 billion in the previous year. Key figures for United Airlines Holdings, Inc. (GAAP) during the third quarter include: - Earnings: $0.97 billion compared to $1.14 billion last year. - Earnings per Share (EPS): $2.90 compared to $3.42 last year. - Revenue: $14.843 billion compared to $14.484 billion last year.