00:00It's Benzinga, bringing Wall Street to Main Street.
00:02United Airlines slashed its full-year profit forecast as rising fuel costs continued to eat into earnings, according to CNBC.
00:09The carrier reported third-quarter adjusted earnings of $2.54 per share on revenue of $17.88 billion,
00:16narrowly missing expectations of $2.57 per share and $17.9 billion in revenue.
00:23United expects fourth-quarter adjusted earnings of $0.50 to $1.50 per share, below analysts' estimates of $1.76.
00:30Its previous full-year forecast called for earnings of $9 to $11 per share.
00:36United's quarterly fuel bill surged nearly 62% to $4.84 billion, while revenue rose 17.4% from a
00:44year earlier.
00:45Passenger demand remained strong, with passenger counts increasing by more than 2%.
00:49For all things money, visit Benzinga.com.
