United’s revenue rises 17% despite a sharp increase in fuel costs
United Airlines ($UAL) reported quarterly revenue of $17.9 billion, up 17%, and a 16% increase in unit revenue. Earnings per share were $3.14, or $2.54 on an adjusted basis. Pretax profit reached $1.3 billion, equivalent to a 7.3% margin, while adjusted pretax profit was approximately $1.1 billion with a 6.2% margin. Premium and loyalty revenue each increased 17%, business revenue rose 26% and cargo revenue grew 23%. The stronger sales performance came against a 62% increase in fuel expense, add
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