United Airlines reports third-quarter performance

CHICAGO — United Airlines announced on Oct. 17 its third-quarter 2016 financial results. The airline reported third quarter net income of $965 million, diluted earnings per share of $3.01, pre-tax earnings of $1.5 billion and pre-tax margin of 15.2%.

Total revenue for the quarter was $9.9 billion, a decrease of 3.8% year-over-year, along with a 5.8% decrease of passenger revenue per available seat mile, driven by factors including a strong U.S. dollar, lower surcharges and reductions from energy-related corporate travel and declining yields. Total operating expense including special . . .

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