CHICAGO | United Airlines posts smaller profit but tops expectations

15Jan - by Editor - 0 - In STL.News

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.

Continue reading CHICAGO | United Airlines posts smaller profit but tops expectations at STL.News.

Source link