United Airlines Holdings (NASDAQ:UAL) exceeded third-quarter expectations, but their Q4 predictions didn’t meet analysts’ projections due to increased fuel prices and halted Tel Aviv flights. As a result, shares plunged more than 7% intra–day today.

The airline announced an adjusted EPS of $3.65 with revenues reaching $14.48 billion, surpassing the predicted $3.41 EPS on $14.43 billion revenue. The cost per available seat mile for the third quarter decreased by 3.6% compared to the same period in 2019.

United Airlines noticed a rise in last-minute bookings during August and September, both surpassing the previous year’s demand. However, for Q4, the company anticipates an EPS between $1.80 and $1.50, assuming the continued suspension of Tel Aviv flights, which is lower than the Street estimate of $2.13.

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