United Continental has reported net income of $588 million, or $1.78 a share, on a 5.2% slide in overall revenue to $9.4 billion. Its earnings per share of $2.61 beat Wall Street estimates only slightly, while its unit revenue declined by 6.6%, in line with recent guidance. For the current third quarter, United said its unit revenue is expected to be down between 5.5% and 7.5%. And its pretax margin should hit 13.5% to 15.5%, as opposed to 14.5% in the second quarter, within guidance. The third quarter is generally the busiest in the calendar year for the industry. In

This content is restricted to site members.

If you are an existing user, please login below.
New users may register below.

Existing Users Log In