Despite Earnings Beat, United Airlines Shares Slide 9%

Yesterday, we reported that United Airlines (NYSE: UAL) had outperformed analyst expectations, with strong premium growth and improved international travel demand leading the carrier’s third-quarter adjusted earnings per share (EPS) to sit modestly above Wall Street’s consensus. Under most circumstances, this would be a strong signal for the carrier, and it would incentivize investors to buy the stock and thus cause prices to go up.