Shares of United Continental UAL are down 8.3 percent to $42.21 after the company reported disappointing earnings.
Earnings per share came in at $(1.66) versus an estimated loss of $1.35 by the Street. Revenue was reported in-line at $8.7 billion versus $8.71 billion analyst estimates. Revenue decreased 0.3 percent year-over-year.
United Continental revenue breakdown year over year:
Market News and Data brought to you by Benzinga APIs- Consolidated passenger revenue -- decreased 2.3 percent to $7.4 billion.
- Ancillary revenue -- increased 7.6 percent to more than $21 per passenger.
- Cargo revenue -- decreased 7.9 percent to $209 million.
- Other revenue -- increased 18 percent to $1.1 billion, in large part to an agreement to sell jet fuel to a third party.
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