United Airlines received adjusted quarter profit and income higher than forecast. American Airlines invested in hydrogenic start-up
American holding company United Airlines Holdings, mother structure of United Airlines in the third quarter 2022 got adjusted profit and income higher than market forecasted.
Net profit of the company in July-September made 942 million USD or $2.86 per share against $473 million or 1.44 per share one year earlier, report says.
Adjusted profit per share was fixed in the level $2.81 against adjusted loss of $1.02 per share one year earlier.
Profit increased up to $12.877 billion from $7.75 billion one year earlier.
Analysts interrogated by FactSet in average forecasted adjusted profit of the airline company on the level $2.28 per share against income of $12.743 billion.
United forecasts adjusted profit per share in the current quarter in the range of $2-2.5 that is much higher than analysts’ consensus forecast that was 98 cents per share.
From the beginning of 2022 capitalization of United Airlines reduced by 15% and makes $11.8 billion.
American airline company American Airlines Group invested in Californian start-up Universal Hydrogen Co.
Transaction will allow air carrier to achieve earlier stated goal of greenhouse gas emissions’ reduction to zero to 2050, – marks press-release of American Airlines. Investment amount is not disclosed.
Universal Hydrogen develops method of hydrogen transportation by common trucks in special capsules – this will allow to simplify fuel delivery and avoid necessity of building new fueling infrastructure in the airports, the message says.
Company’s investors already are Airbus Ventures, GE Aviation and Toyota Ventures.
Since the start of the year company capitalization reduced by third to $7.92 billion while S&P 500 index during this period lost 23.6%.