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United - 1 Christopher Raite - 1
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3 mentions found


☆ A Busy Summer Pushes United Airlines to a $1.14 Billion Profit, but Fuel Cost Will Hurt 4Q Results
  + stars: | 2023-10-17 | by ( Associated Press | Oct. | At P.M. | ) www.usnews.com   time to read: +3 min
United said its fourth-quarter adjusted profit would be between $1.50 and $1.80 per share, far short of Wall Street expectations for $2.09 per share. United and many other airlines halted the flights shortly after Hamas militants attacked Israel on Oct. 7. United said it set quarterly profit records for service to both Europe and Asia, as more Americans traveled beyond U.S. borders. United's report comes after rival Delta Air Lines posted a $1.1 billion profit last week. It predicted that fourth-quarter revenue would rise as much 11% compared with a year ago.
Persons: United, Christopher Raite Organizations: Airlines, Tel, United, Jet, Wall, Delta Air Lines, Air Line Pilots Association, Boeing, Airbus Locations: Tel Aviv, Israel, Chicago, Europe, Asia, U.S
☆ Southwest Airlines warns of quarterly loss after holiday meltdown
  + stars: | 2023-01-26 | by ( Rajesh Kumar Singh Kannaki Deka | Rajesh Kumar Singh | Kannaki Deka | ) www.reuters.com   time to read: +4 min
Southwest, which also reported a loss in the fourth quarter, estimates a revenue hit of between $300 million and $350 million in the first quarter. A Southwest Airlines jetliner departs from Chicago Midway International Airport in Chicago, Illinois, U.S., December 27, 2022. He said while a recessionary economic environment tends to make companies de-prioritize spending on technology, Southwest cannot afford to do that. The meltdown led to an adjusted loss of $226 million, or 38 cents a share, in the quarter through December, robbing it of the gains from booming holiday travel demand. Rival carriers United Airlines (UAL.O) and Delta Air Lines (DAL.N) American Airlines (AAL.O) have all reported higher-than-expected earnings for the quarter.
☆ Economic worries loom over U.S. airline earnings
  + stars: | 2022-10-12 | by ( Rajesh Kumar Singh | ) www.reuters.com   time to read: +4 min
Travel demand tends to cool after Labor Day, which marks the unofficial end of the U.S. summer season. Britain's biggest airport, Heathrow, on Tuesday warned of a possible slowdown in travel demand this winter. As companies call their employees back to office, business travel demand has received a boost. Prior to the pandemic, business travel accounted for up to 50% of the U.S airline industry's passenger revenue, according to trade group Airlines for America. "We're looking at business travel," Christopher Raite, senior analyst at Third Bridge, said.
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