United Airlines income of USD329M misses Wall Street aim


(MENAFN) United Airlines announced Wednesday that it got USD329 million in the July-September 2021 due to summer vacationers, but the results declined far short of Wall Street prospects because of high fuel costs.

United added it will keep flying at recent levels rather than rising about 10 percent in the last six months of 2022, as it had prearranged in the beginning.

CEO Scott Kirby accused the pullback on understaffing at airports — he used London’s Heathrow, which has been a scene of frequent chaos this summer, and Newark in New Jersey — and the Federal Aviation Administration, which have air-traffic control.

Kirby updated CNBC “We told Heathrow how many customers we were going to have ... they didn’t staff for it” as they did not believe United, “We are being forced to cancel flights because Heathrow can’t accommodate the flights."

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