United, Continental See Earnings Jump on Demand for Travel

United Airlines and Continental Airlines reported healthy third-quarter earnings thanks to higher ticket prices and stronger demand for air travel.

United reported earnings of $2.12 per share, excluding some items, Bloomberg News said. Continental's earnings were $2.24 a share.

Sponsored Links
Growing demand for air travel means airlines can raise ticket prices without scaring away customers.

The two airlines merged in October to form United Continental Holdings Inc (UAL), the world's largest airline.

"As we integrate the two networks and create the world's leading airline, we will provide even more value to our customers," Chief Revenue Officer Jim Compton said.

United's revenue jumped 22% to $5.39 billion, slightly below analyst forecasts. Continental's revenue gained 19% to $3.95 billion.






Read Full Story

Markets

DJIA 26,743.50 86.52 0.32%
NASDAQ 7,986.96 -41.28 -0.51%
NIKKEI 225 23,869.93 195.00 0.82%
HANG SENG 27,953.58 475.91 1.73%
DAX 12,430.88 104.40 0.85%
USD (per EUR) 1.18 0.00 0.01%
USD (per CHF) 0.96 0.00 0.02%
JPY (per USD) 112.56 0.01 0.00%
GBP (per USD) 1.31 0.00 0.01%