United Airlines reports Q3 2018 net income of USD 836m

United Airlines (UAL) has reported net income of USD 836 in the third-quarter 2018, the company said.

The air carrier reported diluted earnings per share of USD 3.06, pre-tax earnings of USD 1.1 billion and pre-tax margin of 9.6 percent.

UAL reported third-quarter adjusted pre-tax margin of 9.7 percent. Third-quarter adjusted diluted earnings per share increased 36 percent year-over-year.

Consolidated passenger revenue per available seat mile (PRASM) increased 6.1 percent year-over-year, above the high end of the company´s third-quarter 2018 guidance range of up 4 percent to 6 percent.

Consolidated unit cost per available seat mile (CASM) increased 6.4 percent year-over-year.

Consolidated CASM, excluding special charges, third-party business expenses, fuel and profit sharing, decreased 0.4 percent year-over-year.

UAL´s mid-continent hubs in Chicago, Denver and Houston had year-over-year capacity growth of 9.7 percent in the third quarter and led the system in unit revenue growth performance in the quarter.

United Airlines and United Express operate approximately 4,700 flights a day to 356 airports across five continents. In 2017, United and United Express operated more than 1.6 million flights carrying more than 148 million customers.