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Investing.com -- United Airlines reported Tuesday third-quarter results that topped estimates, but Q4 guidance fell short of estimates as higher fuel costs and the suspension of Tel Aviv flights are expected to weigh.
United Airlines Holdings Inc (NASDAQ:UAL) shares were down more than 4% in after-hours trading.
United Airlines Holdings reported adjusted EPS of $3.65 on revenue of $14.48 billion. Analysts polled by Investing.com anticipated an earnings of $3.41 a share on revenue of $14.43 billion.
Third quarter cost per available seat mile, or CASM was down 3.6% compared with the third quarter 2019.
The company said it saw "strength in close-in bookings in August and September with both months well ahead of year-over-year demand."
Looking ahead, the company forecast Q4 EPS of $1.80 or $1.50, assuming suspension of Tel Aviv flights through year-end. That was below estimates of $2.13.
United Airlines Q3 results beat estimates, but guidance falls short; shares slip 3