00:00It's Benzinga bringing Wall Street to Main Street.
00:02United Airlines said a conservative approach to guidance allowed it to meet targets during
00:06disruptions that led other U.S. carriers to cut or miss expectations, according to the Wall Street
00:12Journal. Chief Financial Officer Mike Leskinen said the airline builds in one major disruptive
00:17event, a so-called act of God, each time it sets guidance and focuses on earnings per share instead
00:23of metrics, such as capacity and fuel costs. United has not missed quarterly guidance in
00:29nearly three years. The government shutdown cut pre-tax earnings by roughly $250 million,
00:35yet the company reported more than $1 billion in profit. Analysts said guidance may have been
00:40aided by a delayed labor agreement, and investors could lose confidence if guidance becomes too
00:45conservative. For all things money, visit Benzinga.com.
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