United Airlines shares pop on mixed earnings report

Earnings Performance - United's Q3 earnings beat expectations at $2.78 per share, exceeding the street's expectation of $2.63 [1][4] - Q3 revenue was slightly below expectations at $15.22 billion, compared to the street's expectation of $15.32 billion [1] - Pre-tax margin for the quarter was 8% [1] - United projects Q4 earnings between $3 to $3.50 per share, while the street expects $2.87 [3][4] - Full year earnings are projected to be towards the high end of the reduced guidance of $9 to $11 per share [4] Revenue Analysis - Revenue per seat mile decreased by 4.3%, while cost per seat mile decreased by 0.9% [1] - Domestic revenue per seat mile decreased by 3.3% in Q3, and international revenue per seat mile decreased by 7.1% [2] - Premium revenue increased by 6%, basic economy revenue increased by 4%, and loyalty revenue increased by 9% [2]