"United Airlines Tumbles 8% After Warning Pricier Fuel, War In Middle East Will Cut Profits" - CNBC
Portfolio Pulse from Benzinga Newsdesk
United Airlines' shares fell by 8% after the company warned that higher jet fuel prices and the suspension of its Tel Aviv flights due to the Israel-Hamas war would impact its Q4 profits. The company's Q4 earnings are estimated to be between $1.50 and $1.80 per share, lower than analysts' forecasts of $2.06. The suspension of Israel services, which account for 2% of United's capacity, could also affect its Q4 revenue growth, which is expected to rise between 9% and 10.5% YoY.
October 18, 2023 | 2:51 pm
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United Airlines' Q4 profits are expected to be impacted by higher fuel prices and the suspension of its Tel Aviv flights due to the Israel-Hamas war. This has led to a drop in the company's shares by 8%.
The increase in fuel prices and the suspension of flights to Tel Aviv due to the ongoing war are expected to negatively impact United Airlines' Q4 profits. This has led to a decrease in the company's share price.
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