Skift Take
The world’s biggest airline is still streamlining operations following the 2010 merger and the bumpy transition leading to decreased demand, in addition to raising gas prices, is at the heart of the giant’s losses.
United Continental Holdings Inc., the world’s largest carrier, missed third-quarter estimates after profit was pared by both waning demand and higher operating costs.
Earnings excluding some items were $1.35 a share, lagging behind the $1.47 average estimate of 17 analysts in a Bloomberg survey. United Continental reported a 1.3 percent drop in passenger revenue for each seat flown a mile, while fuel expense climbed 1 percent to $3.41 billion. Total passengers decreased 3.2 percent.
The c
