Several airlines have reported quarterly numbers with declining air fares weighing on their revenue. United Continental Holdings Inc (NYSE: UAL), Alaska Air Group, Inc. (NYSE: ALK) and Hawaiian Holdings, Inc. (NASDAQ: HA) have reported better-than-expected earnings.
Here’s a look at the numbers so far:
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- United’s third quarter EPS of $3.11 beat consensus view of $2.88 and sales of $9.913 billion too topped $9.89 billion consensus.
- American Airlines Group Inc (NASDAQ: AAL) delivered third quarter adj. EPS of $2.80 and GAAP EPS of $1.40 versus Street view of $1.57. Sales of $10.594 billion are compared with consensus of $10.56 billion.
- Alaska Air earned $2.20 a share on revenue of $1.566 billion versus Street view of $2.07/$1.56 billion.
- In addition, Hawaiian Holdings third quarter EPS of $1.92 came in above consensus estimate of $1.80. Quarterly revenue stood at $671 million, also beating market expectations of $669 million.
- Meanwhile, Delta Air Lines, Inc. (NYSE: DAL) earned $1.70 a share on adjusted basis, which generally exclude one-time items.
At time of writing, shares of:
- United rose 1.92 percent to $56.51.
- Alaska Air were up 1.80 percent to $74.78.
- Hawaiian Holdings were down 0.06 percent to $47.88.
- Delta grew 1.20 percent to $41.39.
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