Earnings

United Airlines (UAL) earnings Q3 2020

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A United Airlines airplane takes off at San Francisco International Airport.

Gary Hershorn | Corbis News | Getty Images

United Airlines on Wednesday posted a wider-than-expected third quarter loss as the coronavirus pandemic continued to hammer air travel demand, but the carrier trimmed its cash burn.

Here’s how United performed compared with what Wall Street expected, based on average estimates compiled by Refinitiv:

  • Adjusted EPS: a loss of $8.16 versus an expected loss of $7.53 per share.
  • Revenue: $2.49 billion versus $2.50 billion, expected.

The Chicago-based carrier swung to a net loss of $1.8 billion in the three months ended Sept. 30, from a $1 billion profit a year ago. Revenue in the…



Source cnbc.com

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