United Airlines (UAL) Stock Gains Smaller Q3 Loss; Longer-Term Targets Still on Track

United Airlines posts smaller loss, sees recovery from pandemic gaining traction

October 19, 2021 5:07 PM EDT

By Rajesh Kumar Singh

CHICAGO (Reuters) -United Airlines Holdings on Tuesday reported a smaller quarterly loss than a year ago, but a resurgence in coronavirus cases slowed bookings and drove up cancellations, upending the carrier's plan to return to profit.

Chief Executive Scott Kirby, however, said recent headwinds the airline has faced are "turning to tailwinds."

United said it expects revenue in the current quarter to recover to up to 75% of 2019 levels, improving from about 68% in the quarter through September.

The company's shares rose about 2% to $47.22 in extended... More

United Airlines (UAL) on Track to Meet 2022 Targets; Poised to Capitalize on International Reopening

October 19, 2021 4:31 PM EDT

United Airlines (NASDAQ: UAL) today announced third-quarter 2021 financial results. Despite the impact of the COVID-19 Delta variant in the third quarter, the company remains confidently on track to achieve the range of longer term financial targets laid out as part of its United Next plan earlier this summer, and to reduce CASM-ex1 below 2019 levels next year.

Citing the rebound in premium leisure travel, re-opening of European borders next month, continued recovery of business travel and early indications of loosening travel restrictions in key Pacific markets, United also announced plans to increase international capacity... More

United Airlines (UAL) Tops Q3 EPS by 27c

October 19, 2021 4:31 PM EDT

United Airlines (NASDAQ: UAL) reported Q3 EPS of ($1.02), $0.27 better than the analyst estimate of ($1.29). Revenue for the quarter came in at $7.8 billion versus the consensus estimate of $7.85 billion.

Outlook:

Expects fourth quarter 2021 capacity to be down approximately 23% versus fourth quarter... More