United's Q2 profit exceeds analysts' estimates on cost reductions

Atlanta

UNITED Continental Holdings Inc's second-quarter profit exceeded analysts' estimates as lower fuel and operating costs overcame weak fares.

Adjusted earnings of US$2.61 a share beat the US$2.56 average of analyst estimates compiled by Bloomberg. United said on Tuesday that it plans to trim growth for 2016 and now sees full-year capacity increasing no more than 1.5 per cent from last year, compared with the previous plan to expand by as much as 2 per cent.