On Wednesday, the parent company of United Airlines, United Continental, is set to report its quarterly earnings and revenue after the bell.
Here is how Wall Street anticipates the company to perform
- According to Thomson Reuters, revenue of about $9.86 billion,
- Also, according to Thomson Reuters, earnings per share of $2.12.
The operations of United have been interrupted by a series of hurricanes that stuck the United States over the past two months. The airline has blamed $400 million of its losses to Hurricane Harvey alone, which devastated the fourth-largest city in the United States, Houston, Texas. United operates a hub out of George W. Bush Intercontinental Airport and was forced to cancel 7,400 flights because of the storm.
In the wake of the storm, United decreased its third-quarter revenue guidance, predicting a 3.5 to 4 percent decline.
The company also had a difficult time to emerge from a public relations debacle after security officials removed a passenger forcibly from an overbooked United Express flight that was operated by Republic Airways last April. A video of the incident went viral, urging United to issue a public apology and correct some of its policies.
The shares of the company fell nearly 4 percent after the said incident. United has since settled with Dr David Dao, the passenger, who was left bloodied and experienced a concussion during the dispute. The amount of the settlement paid has not been disclosed publicly.
The stock of the company is down by more than 6 percent year to date.