News about UAL

United Airlines reported record third-quarter operating revenue of $17.9 billion, up 17.4% year over year, with adjusted diluted EPS of $2.54 within its guidance despite a $1.8 billion rise in fuel expense. Premium revenue rose 17% and contracted business revenue grew 26%, while Starlink Wi-Fi is now installed on half of all departures. For Q4, the airline projects EPS of $0.50 to $1.50 based on an assumed fuel price of about $4.80 per gallon, with revenue expected to rise more than 20%. Net leverage stood at 2.4 turns against a target of less than 2, and CEO J. Scott Kirby said 6 to 10 U.S. airlines are going to lose money this year.