United Airlines Holdings Inc (NASDAQ:UAL) backed full-year revenue guidance as it raised its third-quarter fuel price outlook, citing a 20% jump in jet fuel prices since mid-July.
The air carrier now expects fuel costs of $2.95 to $3.05 a gallon for the current quarter, up from previous guidance of $2.50 to $2.80 a gallon.
The company reiterated its third-quarter guidance for revenue to rise 10% to 13% from a year ago and for capacity to be up about 16%.
It did not provide an update to earnings per share guidance, which it said on July 20 was $3.85 to $4.35.
The stock fell 1.2% in pre-market trading to $47.89.