Delta Air Lines (DAL) Declares $0.135 Quarterly Dividend; 1.1% Yield
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United Airlines' acting CEO aims to reassure investors amid strong results
October 22, 2015 7:58 AM EDTBy Jeffrey Dastin
NEW YORK (Reuters) - United Airlines on Thursday tried to dismiss concerns that executive shake-ups have left an amateur team running its business, promising better service for travelers and moderate expansion in 2016 for investors worried about weak demand.
Shares of parent United Continental Holdings Inc (NYSE: UAL) rose more than 2 percent after it forecast a pre-tax profit margin of up to 11.5 percent in the fourth quarter, compared with 5 percent a year earlier. The forecast surprised analysts who expected higher costs would keep margins lower.
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