UAL Projects 18.5% To 19.5% Y/Y Jump In Its Mainline Q3 Unit Revenue
As per a government filing, United Airlines parent company UAL Corp (NASDAQ: UAUA) projects an 18.5% to 19.5% y/y rise in its mainline Q3 unit revenue.
UAUA's unit costs, excluding fuel, increased in a range of 3.2% to 3.7% for the latest period. The company is forecasting to close Q3 with an unrestricted cash balance of about $4.9 billion.
UAUA is likely to report its latest quarter earnings on October 18. Wall Street is expecting the company to earn $2.22 per share for the same period.
J.P. Morgan analyst Jamie Baker said, "Updated UAL guidance paints a third-quarter earnings outcome modestly ahead of our own forecast and broadly in line with that of consensus."
UAUA's shares lost 1.34% to $21.42 at 9:47 am.
Read more from Benzinga's Company news.
