United Airlines posts record quarterly profit
United Airlines Holdings raised its full-year profit forecast Wednesday after posting its highest-ever quarterly profit of $1.1 billion on the back of booming demand for international travel.
United’s sales increased 17% to $14.2 billion over the same period in 2022, exceeding the forecast of $13.9 billion.
→ United introduces new First Class seat for domestic flights
In the second quarter, international passenger revenue accounted for about 41% of the airline’s total revenue.
To capitalize on demand for international travel, United announced earlier this week a second expansion of its Pacific network this fall with new flights to Manila, Hong Kong, Taipei and Tokyo.
For the third quarter, the airline forecasts year-over-year revenue growth of 10% to 13%, with capacity growth of 16%. It forecasts adjusted earnings of $3.85 to $4.35 per share for the quarter.
Related Topics
Wingo to Transport More Than 100,000 Travelers During Holy Week
Spirit Airlines Announces Resumption of Services and Launch of New Routes to Latin America and Caribbean
Iberia Expands Its Network: Orlando, Fortaleza, and Recife Added to Its International Offerings
Iberia Strengthens Its Presence in Peru, Chile, and the Dominican Republic Next Winter
Plataforma Informativa de Aviación Comercial líder en América Latina.