Categories AlphaGraphs, Earnings, U.S. Markets News

Aviation slowdown might catch up with United Airlines in fourth quarter results

United Airlines parent United Continental Holdings (UAL) has been having a good run so far, but the slowing trend in aviation might finally catch up to the company. All eyes are on the fourth quarter results that are expected to be announced before the market opens on Tuesday, Jan. 15.

The market expects earnings of $1.98 per share on revenue of $10.37 billion for the quarter.

Shortly after the United Airlines announcement, rival Delta Air Lines (DAL) will also post its fourth-quarter results.

Delta Air Lines stock might see further slide after posting fourth-quarter results

With reports flooding in that the aviation sector failing to capitalize on the falling gasoline prices, shareholder sentiment had tanked recently.

In the first week of January, shortly after Delta Air Line posted lower-than-expected outlook, the entire sector saw a quick sell-off.

REVISITING THE LAST QUARTER

United Continental third quarter 2018 Earnings Infographic - United Airlines

In the previously reported third quarter, the United Airlines parent recorded a 30% jump in earnings helped by double-digit revenue growth despite a steep rise in fuel costs. The top line was above analysts’ expectations pushing the stock 4% then, even as the bottom line missed consensus estimates.

Net income climbed 30% to $836 million and earnings soared 42.3% to $3.06 per share. Non-GAAP earnings increased 36% to $3.06 per share. Revenue grew by 11.2% to $11 billion.

 

We’re on Apple News! Follow us to receive the latest stock market, earnings, and financial news at your fingertips

Most Popular

MU Earnings: Micron’s Q4 profit declines but beats estimates

Micron Technology Inc. (NASDAQ: MU) Thursday said its fourth-quarter profit declined from last year, hurt by a sharp fall in revenues. Earnings, however, beat the market’s projection. On an adjusted

What are Philip Morris’ (PM) anticipations for the near term?

Shares of Philip Morris International Inc. (NYSE: PM) were down 1% on Thursday. The stock has dropped over 9% year-to-date. Although the tobacco industry has felt the pinch of inflation,

Key highlights from CarMax (KMX) Q2 2023 earnings results

CarMax, Inc. (NYSE:KMX) reported second quarter 2023 earnings results today. Net revenues rose 2% year-over-year to $8.1 billion. Net earnings were $125.9 million, or $0.79 per share, compared to $285.2 million,

Add Comment
Loading...
Cancel
Viewing Highlight
Loading...
Highlight
Close
Top