A busy summer pushes United Airlines to a $1.14 billion prof

A busy summer pushes United Airlines to a $1.14 billion profit, but fuel cost will hurt 4Q results

United Airlines said Tuesday that it earned $1.14 billion in the vacation-heavy third quarter, but the airline forecast weaker profit the rest of the year due to surging jet fuel prices and the suspension of flights to Tel Aviv during the Israel-Hamas war. United said its fourth-quarter adjusted profit would be between $1.50 and $1.80 per share, far short of Wall Street expectations for $2.09 per share. The high end of the United forecast assumes that the airline will resume Tel Aviv flights next month, while the low end assumes no more flights this year.

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