United cuts 2026 profit outlook as fuel costs bite (cnbc.com)

United Airlines expects fourth-quarter adjusted earnings of 50 cents to $1.50 a share, below the $1.76 analysts expected, capping 2026 adjusted earnings at no more than $7.22 a share after mid-July guidance of $9 to $11. The carrier reported third-quarter net income of $1.03 billion, or $3.14 a share, on revenue of $17.88 billion, up 17.4% from a year earlier. Fuel costs rose nearly 62% to $4.84 billion, with fourth-quarter fuel expected to average $4.80 a gallon, while passenger counts climbed more than 2%.