United Airlines reported a third-quarter earnings beat and positive forward guidance, with operating revenue of $15.2 billion, adjusted EPS of $2.78, and PRASM at $73.77 billion. The stock initially fell over 3% but reversed higher on margin growth commentary. CEO Scott Kirby highlighted customer investments and economic resilience.

Looking ahead, United forecasts Q4 adjusted EPS in the $3.00 to $3.50 range and full-year EPS in the “better half” of $9.00 to $11.00. Premium cabin revenue rose 6% year over year in Q3, with Basic Economy up 4% and loyalty revenue up 9%.

Delta also saw positive results, with a “significant improvement” in revenue outlook, tightening its projection to the upper bounds. United, however, faced operational issues earlier this year at Newark Liberty Airport, causing capacity underutilization. The government shutdown also poses potential air traffic control staffing concerns for airlines. CEO Scott Kirby aims to transition United away from a “commodity-oriented” business model.

Read more at Yahoo Finance: United reports Q3 earnings beat, upbeat profit and margin guidance