Sectors News Results

  • United Airlines affirms unit revenue, margin guidance despite weakness in China

    United Airlines Holdings Inc. (UAL) affirmed its third-quarter unit revenue and pre-tax margin guidance, despite an expected headwind from weaker-than-anticipated demand trends in China. The air carrier expects passenger unit revenue growth to be "near the midpoint" of the previously provided guidance range of up 0.5% to up 2.5%. United said the outlook includes a 50 basis point headwind from the weaker demand trends in China, including Hong Kong.

  • Airline stocks dragged down as Boeing 737 Max groundings sully earnings reports

    American Airline's stock tumbles amid questions about its raised profit outlook, Southwest's (LUV) bounces after 737 Max return pushed back. Shares of airline companies traded mostly lower Thursday, as a more dire outlook on the groundings of Boeing Co.' s 737 Max planes sullied the earnings reports from Southwest Co. and American Airlines Group Inc.. And the biggest ever one-day plunge in discount carrier Spirit Airlines Inc.' s stock after disappointing guidance was also a drag on...

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