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United to take $90 million charge for Hong Kong disruptions

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United to take $90 million charge for Hong Kong disruptions

United Airlines says it's taking a $90 million write-down against fourth-quarter earnings because of a drop in the value of its routes to Hong Kong

United Airlines Holdings Inc. is scheduled to release fourth-quarter results after the market closes on Jan. 21.

Analysts surveyed by FactSet expect United to report net income of $653 million, adjusted earnings of $2.64 per share and revenue of $10.88 billion in the quarter.

A year earlier, the airline earned $462 million, adjusted earnings of $2.41 per share and revenue of $10.49 billion.

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08 January 2020, 3:00