United Airlines Flies in Q3 Results Beat as Travel Activity Heats Up

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United Airlines Flies in Q3 Results Beat as Travel Activity Heats Up
Credit: © Reuters.

By Yasin Ebrahim

Investing.com - United Airlines Holdings (NASDAQ: UAL ) ( NASDAQ :UAL) reported better-than-expected third-quarter results as a recovery in international long haul and business travel bolstered performance.

United Airlines Holdings shares gained 2% in after-hours trade following the report.

United Airlines Holdings announced a loss per share of $1.02 on revenue of $7.75 billion. Analysts polled by Investing.com anticipated a loss of $1.51 a share on revenue of $7.56 billion.

Looking ahead, the company guided fourth-quarter 2021 capacity to be down approximately 23% year-on-year, and revenue to fall 25% to 30%.

"Returning business travelers and re-opening European borders are opportunities United is well positioned to capitalize on," the company said.

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