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Strong U.S. dollar nips at United Continental's bottom line

Jan. 21, 2016 8:19 AM ETUnited Airlines Holdings, Inc. (UAL) StockBy: Clark Schultz, SA News Editor
  • United Continental (NASDAQ:UAL) reports lower revenue in the Atlantic (-3.2%), Pacific (-8.6%), and Latin America (-12.6%) businesses as a strong U.S. dollar and some weak booking trends in certain markets took a toll.
  • Overall passenger revenue per available seat mile fell 6% to $0.1148 in Q4, a mark that's lower than some of UAL's peers.
  • Average fuel costs were down 42% during the quarter (-36% if hedges are included).
  • United CEO Oscar Munoz is expected to take part in the earnings call (webcast) at 10:30 a.m. EST in a positive step following his heart transplant surgery.
  • Previously: United Continental misses by $0.04, misses on revenue (Jan. 21 2016)
  • UAL -0.33% premarket to $44.97.

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