Airline company United Airlines (NASDAQ: UAL) provided an update regarding its outlook for the fiscal third quarter. The airliner stated that since the middle of July this year, fuel prices have risen by more than 20% and as a result, it now expects its all-in fuel price to be between $2.95 and $3.05 per gallon.
UAL has kept the rest of its Q3 outlook intact and continues to project its Q3 revenues to rise between 10% to 13% year-over-year and for its seat capacity to be up about 16%. The company has projected its Q3 adjusted earnings to be in the range of $3.85 to $4.35 per share.
Analysts are cautiously optimistic about UAL stock with a Moderate Buy consensus rating based on 11 Buys, four Holds and one Sell.
