United Airlines lowered its 2026 earnings forecast on Thursday as rising crude oil prices due to the war in Iran put pressure on the airline's profits.
United said it could earn between $7.00 and $11.00 per share on an adjusted basis this year, down from its previous forecast of $12.00 to $14.00 per share issued in January, more than a month before the U.S. and Israel attacked Iran. Analysts had expected United's adjusted full-year earnings to be $9.58 per share.
The airline, like others, is cutting some of its planned flights this year to reduce costs. Wall Street had already begun revising its forecasts for the year. Nevertheless, the company reported a revenue increase of more than 10% to $14.61 billion, up from $13.21 billion a year earlier. That was slightly higher than the consensus estimate of $14,390.00 million.$BTC $ETH
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