United Airlines posts smaller quarterly loss as travel rebounds

United Airlines Holdings on Tuesday reported a narrower-than-expected third-quarter loss, helped by a recovery in travel demand. Third-quarter revenue came in at $7.75 billion, compared with $2.49 billion a year ago and was above Wall Street's estimates of $7.64 billion.


Reuters | Chicago | Updated: 20-10-2021 02:08 IST | Created: 20-10-2021 02:08 IST
United Airlines posts smaller quarterly loss as travel rebounds
  • Country:
  • United States

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 with 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 government pandemic aid, the airline reported a net profit of $1.44 per share for the quarter. Third-quarter revenue came in at $7.75 billion, compared with $2.49 billion a year ago and was above Wall Street's estimates of $7.64 billion.

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)

Give Feedback