UAL 调整后 EPS 不及预期；第四季度及全年盈利指引低于分析师预测，出现明显减速，燃油价格上涨是主要压力点。预订量以及高端舱、基础经济舱、忠诚度计划和货运收入表现强劲，但燃油正在拖累利润，股价下跌。
逐段跳播
我们来看看 United Airlines。是的，今天开盘前我们就知道，围绕 United Airlines 的问题会是燃油的影响有多大？而这无疑对 United Airlines 是一个不利因素。
Let's check out United Airlines. Yeah, we knew coming into today the question around United Airlines would be what is the impact of fuel? And that is certainly a headwind for United Airlines.
现在，他们的预订量确实强劲，但盈利未达预期。利润在调整后每股收益方面受到了打击。这个数字是254，而华尔街预期为260。所以，这比预期要弱。
Now, they did have strong bookings, but they missed expectations on earnings. Profit took a hit uh in terms of adjusted earnings per share. They ca it came in at 254. The street was looking for 260. So, that was weaker than expected.
营收略高于178亿。营收接近达标。华尔街预期为179.1亿，也有人曾说这个数字会在我们看到的水平附近。所以有人会认为这符合预期。
Revenue coming in at a touch above 17.8 billion. Close to hitting the mark on revenue. Street was looking for 17.91 and some would were saying that the number was going to be around what we saw.
So some would call that in line with expectations
就目前的前景而言，United 预计第四季度调整后每股收益为50美分至1.50美元。这低于分析师的预期。即便按高端计算，全年调整后每股收益也仅能达到722美元。想想7月份的预测，当时是在9到11美元之间。所以，这与之前的预期相比是急剧减速。
in terms of the outlook from here. Uh United expecting fourth quarter adjusted earnings of 50 cents to a buck 50 a share. That's below what analysts were expecting. Even at the high end full year adjusted earnings would reach only 722 a share.
Think about July's forecast. That was between 9 to 11 bucks. So that is a sharp deceleration from what expectations were before.
最大的压力点是什么？当然是燃油价格。他们预计第四季度每加仑燃油支付480美元，高于第三季度的390美元，涨幅超过20%。
What's the big pressure point? Of course, it is fuel oil prices. They're expecting to pay 480 a gallon for fuel in the fourth quarter. That's up from 390 in the third quarter to more than 20% increase there.
所以他们一直有更高的票价，而旅客无论怎样都持续预订。从旅客预订方式来看，整个业务都表现强劲。高端收入增长了17%，基础经济舱收入也实现了两位数增长，增长了16%，忠诚度收入增长17%，货运收入增长23%。
所以，无论我们谈论的是飞机的经济舱部分还是高端收入，需求都很强劲。因此，增长方面是有广度的。
Uh so they have been uh having higher fairs and travelers keep booking no matter what. You've got strength across the business in terms of how travelers are booking. Premium revenue was up 17%.
Basic economy revenue was also up double digits, up 16%, loyalty revenue up 17%, cargo revenue up 23%. So that's strong demand there whether we're talking about the economy uh section of the plane or premium revenue here. Uh so there's breath when it comes to growth.
然而，燃油价格对 United 和其他公司来说是一个大痛点。所以股价下跌了。
However, fuel prices are a big pain point for United and others. So shares are down.
这个频道对 $UAL 的历次判断
Schwab Network 在这只股票上共 3 条判断，这里只列相邻的几条。