United Airlines third-quarter profit falls, hurt by storms

Earnings Reuters

Chicago, IL, USA - March 17, 2016: A United Airlines 747-400 landing on 28C at the Chicago O'hare Airport. (vandervliet93)

United Airlines <UAL.N> on Wednesday said its third-quarter net income fell by a third to $669 million from the year-ago period, partly due to $185 million in pretax losses caused by canceled flights during the Atlantic hurricane season.

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The Chicago-based carrier's passenger revenue per available seat mile, a closely watched measurement of an airline's performance, fell 3.7 percent, about 1 percentage point of which was attributable to disruptions caused by storms.

For the current quarter, United forecast that passenger revenue per available seat mile would decline by 1 percent to 3 percent.

 

(Reporting by Alana Wise; Editing by Bill Rigby)

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