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United Airlines: raises FY 2019 EPS targets

(CercleFinance.com) - On Tuesday evening United Airlines Holdings raised its FY adjusted EPS target range from 10.
5-12 dollars to 11.25-12.25 dollars, and is on track to meet or exceed its 2020 target range of 11-13 dollars.

The Chicago-based airline announced Q3 2019 net income of one billion dollars, or 4.07 dollars per share, 22 cents above the consensus.

Meanwhile, its adjusted pre-tax margin improved 2.5 points y-o-y to 12.1%, with operating revenues rose by 3.4% to 11.4 billion dollars (+3.6% for passenger traffic revenue).


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