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The
parent of United Airlines earned $4.8 billion in the third
quarter, including a one-time gain of $3.2 billion related to
the reversal of a tax allowance. Adjusted profit was $1.7
billion, or $4.53 per diluted share. On that basis, the average
analyst estimate was $1.59 billion and $4.55 per share,
respectively, according to Thomson Reuters I/B/E/S.
The airline forecast that passenger unit revenue, a measure of
sales relative to the total mileage of the seats it flies, will
fall between 4 percent and 6 percent in the fourth quarter
compared to a year earlier and in line with declines during the
prior two quarters.
(Reporting by Jeffrey Dastin in New York; Editing by Jeffrey
Benkoe)
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