Oct 17 United Continental Holdings Inc on Monday reported a third-quarter profit that topped analysts' estimates and forecast that a closely watched revenue measure would continue to drop in the fourth quarter.
The No. 3 U.S. airline by passenger traffic earned $965 million in the third quarter, the company said. Excluding one-time charges, profit fell 41 percent to $997 million, or $3.11 per share, partly due to higher wages for flight attendants. Analysts on average had estimated earnings of $3.06 per share, according to Thomson Reuters I/B/E/S.
United said it expected passenger unit revenue, which compares sales to how many seats the airline flies and how far it flies them, to decline between 4 percent and 6 percent in the fourth quarter from a year earlier. (Reporting by Jeffrey Dastin in New York; Editing by Richard Chang)
AT&T reaches deal to buy Time Warner for more than $80 billion -WSJ
Oct 22 AT&T Inc reached a deal to buy media company Time Warner Inc for more than $80 billion, The Wall Street Journal reported on Saturday.
Trump vows to weaken U.S. media 'power structure' if elected
GETTSYBURG, Pa. , Oct 22 U.S. Republican presidential candidate Donald Trump promised on Saturday to foil a proposed deal for AT&T Inc to buy Time Warner Inc if he wins the Nov. 8 election, arguing it was an example of a "power structure" rigged against both him and voters.