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A | United Airlines said Tuesday that it earned $1.14 billion in the vacation-heavy third quarter, but the airline forecast surprisingly weak profit the rest of the year due to surging jet fuel prices.United said fourth-quarter adjusted profit would be between $1.50 and $1.80 per share, well below Wall Street expectations for $2.09 per share.The third quarter, however, was strong all around for the Chicago-based airline. United said after the market closed Tuesday that revenue increased more than 12% over the same period last year, led by international flights.United said it set quarterly profit records for service to both Europe and Asia, as more Americans traveled beyond U.S. borders. Domestic revenue also grew, though not as much.United's net income of $1.14 billion compared with $942 million a year earlier. The airline said earnings adjusted to exclude unusual items worked out to $3.65 per share, beating the Wall Street forecast of $3.38 per share, according to a FactSet survey of analysts.Revenue rose to $14.48 billion, topping the analysts' prediction of $14.43 billion.United's report comes after rival Delta Air Lines posted a $1.1 billion profit last week. Delta saw particular strength in sales of premium seats and international flights. It predicted that fourth-quarter revenue would rise as much 11% compared with a year ago.Both airlines are seeing the cost of new labor contracts — particularly with pilots — weigh on their results. United agreed in July to raise pilot pay by up to 40% over four years in a deal that the Air Line Pilots Association valued at $10 billion over that span.The price of jet fuel has also risen since mid-summer, although it remains cheaper than a year ago. Still, several airlines reduced their third-quarter profit forecasts in recent weeks as pump prices exceeded their expectations when the quarter began.United declined to make officials available for comment on the results until Wednesday, when they hold a conference call with analysts and reporters.。 Islamabad, Oct 21 (UNI) In a major legal victory for the ruling coalition on Friday, the Election Commission of Pakistan (ECP), in a consensus verdict in Toshakana reference, disqualified former prime minister Imran Khan and ruled that the PTI chairman is no more a member of National Assembly.
Criminal proceedings will be initiated against the PTI chairman for misdeclaration, the verdict said.
The ECP stated that Imran Khan submitted a false affidavit and was found involved in corrupt practices under Article 63(1)(p).
Under the said article, a lawmaker is disqualified for the time being from being elected or chosen as a member of the Majlis-e-Shoora (parliament) or of a provincial assembly.
The decision was taken unanimously by the ECP’s five-member bench but the Punjab member Babar Hassan Bharwana was not present today as he was unwell.
"As sequel to our abovementioned findings, facts available on record and keeping in view the argument of learned counsel for parties herein, we are of the considered opinion that the Respondent has become disqualified under Article 63(1)(p) of the Constitution read with Section 137,167 and 173 of the Elections Act,2017, consequently he ceases to be a member of the National Assembly of Pakistan and his seat has become vacant accordingly," the ECP order stated.
"As the respondent has made false statements and incorrect declarations, therefore he has also committed the offence of corrupt practices defined under Section 167 and 173 of the Elections Act,2017, punishable under Section 174 of the Elections Act, 2017. Office is directed to initiate legal proceedings and to take follow-up action under Section 190(2) of the Elections Act, 2017."
The verdict was announced amid tight security in the Red Zone where at least 1,100 police officials were deployed under the command of a senior superintendent of police to control the law and order situation in the area. The officer was assisted by five superintendents and six deputy superintendents of police.
The ECP had reserved its verdict in the Toshakhana case on September 19 after arguments were completed from both sides. A five-member bench of the ECP, headed by Chief Election Commissioner Sikandar Sultan Raja, heard the case.
Fawad Chaudry said the Election Commission’s attitude had been the worst. “We never pinned any hopes on it.”
“This is a shameful decision. They have disgraced the 220-million-strong-nation.”
Meanwhile, PPP Chairman Bilawal Bhutto said that the Election Commission of Pakistan has found Imran Khan guilty of corrupt practices and now stands disqualified.
“He who would spread lies about the alleged corruption of his political opponents has been caught red-handed," Bilawal said.
Moreover, PML-N Vice President Maryam Nawaz demanded Imran Khan be arrested after he was found guilty of corrupt practices.
“Pakistan's first certified liar and certified thief disqualified with irrefutable evidence of theft,” the PML-N leader said.
She alleged that the husband and wife together looted the national kitty.
In August 2022, National Assembly Speaker Raja Pervaiz Ashraf sent a reference to the ECP under Articles 62A, 63A, and 223, seeking former prime minister Imran Khan’s disqualification in the light of the Toshakhana scam, according to Geo news reports.
The disqualification reference was filed by Ali Gohar Khan, PML-N’s Mohsin Nawaz Ranjha, and five others.
The assessed value of the gifts has been put at Rs 142,042,100. The gifts were received between August 2018 and December 2021.
According to PML-N MNA Ranjha, Khan concealed information about the gift of watches by Saudi Arabia’s Crown Prince Mohammad bin Salman in his statement of assets submitted in 2018-2019.
This withholding of information is tantamount to lying which, according to Ranjha, is a crime under Section 137.
UNI GNK。
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