A United Airlines airplane flies in front of the Empire State Building and One Vanderbilt in New York City as it comes in for a landing at Newark Liberty International Airport in Newark, New Jersey, Dec. 3, 2021.
Gary Hershorn | Corbis News | Getty Images
United Airlines on Wednesday posted record quarterly earnings and forecast a strong third quarter due to an unrelenting travel boom, led by a return of international travel.
The airline lost some of its capacity during the second quarter because of flight disruptions at its Newark, New Jersey, hub. But its quarterly results and forecast still surpassed analysts’ estimates due to strong demand.
Shares were up more than 1% in morning trading Thursday, while other airlines’ shares dropped.
United is the second U.S. carrier to report results for the recent quarter, echoing Delta Air Lines’ upbeat travel demand outlook. American Airlines reports earnings before the market opens Thursday.
United and other carriers have been expanding their…
2023-07-20 09:50:25
Original from www.cnbc.com
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