CHICAGO | United Airlines posts smaller profit but tops expectations
CHICAGO —Jan 15, 2019— United Airlines reported Tuesday that its fourth-quarter profit slipped 20 percent due to higher fuel and labor costs, but its profit and revenue both beat analysts’ expectations.
Shares of United’s parent rose in after-hours trading.
United is adding seats faster than its rivals Delta and American, but it has filled most of them, and at higher prices. A key measure of pricing power, revenue for each seat flown one mile, climbed 5 percent in the three months that ended Dec.