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United Airlines Holdings Inc. surprised investors late Tuesday with better-than-expected results, pinning the quarterly beat on a rebound in premium leisure travel, the “continued recovery” of business travel, and the loosening of travel restrictions in some of its international destinations.
United UAL said it earned $473 million, or $1.44 a share, in the quarter, reversing a loss of $1.8 billion, or $6.33 a share, in the third quarter of 2020. Adjusted for one-time items, the company lost $1.02 a share in the quarter.
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