United Airlines Holdings (UAL.O) on Tuesday forecast weaker fourth-quarter earnings due to higher costs, sending its shares down more than 4%.
The One World trace Center and the New York skyline are seen while United Airlines planes use the tarmac at Newark Liberty International Airport in Newark, New Jersey, U.S., May 12, 2023. REUTERS/Eduardo Munoz/File PhotoThe Chicago-based carrier estimated an adjusted profit of $1.50-$1.80 per share in the quarter through December, below the $2.06 expected by analysts in a LSEG survey and lower than $2.46 per share a year ago.
United, which has the biggest exposure to Israel among the U.S. carriers, has suspended flights to Tel Aviv "until conditions allow them to resume." In the December quarter, Israel accounted for 1.9% of its planned global capacity, a Reuters analysis of Cirium data showed.
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