United expects Q3 revenue, margins to reach high end of guidance range

United Airlines, Wednesday, expressed confidence in its current financial outlook with the issuance of updated revenue guidance for Q3 of 2018. United now expects its Q3 consolidated passenger unit revenue growth to be near the high end of its previously reported guidance range, which, compared to Q3 2017, is expected to be up between 4% and 6%. Similarly, United is expecting its pre-tax margin (excluding special charges and the mark-to-market impact of equity investments) to be near the high end of its announced guidance of between 8% and 10%, compared to Q3 2017. The optimistic outlook comes, United said, “despite higher commodity fuel prices in Q3 pushing the expected consolidated average aircraft fuel price toward the high end of [United’s] previously provided guidance range of $2.27-$2.32 per gallon.” <br/>