UAL - DECLINE SCENARIOUnited Airlines Holdings posted Q3 earnings that surpassed expectations, yet it anticipates a decline in profit for the current quarter due to increased costs.
The Chicago-based airline foresees an adjusted profit ranging from $1.50 to $1.80 per share for the period ending in December. This forecast is lower than the $2.46 per share reported in the same period the previous year.
For the third quarter, the company reported an adjusted profit of $3.65 per share, surpassing the $3.35 estimate from Wall Street analysts.
The softening demand for domestic travel has raised concerns about whether consumers are curtailing their travel expenditures, as household savings dwindle and interest rates remain high.
Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.
