United Continental Holdings posted third-quarter profits that just missed Wall Street forecasts as a surge in fuel costs and strong storms undermined an 11 percent jump in revenue thanks largely to a busy summer travel season.
The parent of United Airlines posted adjusted per-share earnings of $3.06, just shy of an expected $3.07 a share, according to average estimates by analysts polled by Refinitiv, formerly Thomson Reuters. United generated $11 billion in the three months ended Sept. 30, up more than 11 percent from the year-earlier period.
The company's stock is up roughly 24 percent so far this year, while most of its U.S. competitors' stock prices have struggled. The carrier exceeded profit expectations in the first half of the year despite an aggressive-growth strategy that initially drew skepticism from investors when it was announced earlier this year.
The airline's executives will hold a call with analysts on Wednesday at 10:30 a.m.
Rivals Southwest Airlines and American Airlines reports on Oct. 25.
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