United Earnings Miss Estimates as Strong Dollar Hurts Demand
- Adjusted profit doubles amid sharp drop in jet-fuel costs
- Passenger revenue to decline 6% to 8% in current quarter
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United Continental Holdings Inc.’s fourth-quarter profit missed analysts’ estimates as a strong dollar and weak economies in energy-dependent markets hurt demand from travelers.
Adjusted earnings were $2.54 a share, the Chicago-based company said in a statement Thursday. That compared with the $2.56 average of 14 estimates compiled by Bloomberg. Revenue fell 3 percent to $9.04 billion.