United Airlines said Wednesday travel demand has picked up since the beginning of July, thanks to less geopolitical and macroeconomic uncertainty.
The Chicago-based airline, however, expects its earnings to suffer in the current quarter due to operational constraints at Newark airport near New York City — one of its largest hubs and among the busiest in the country.
United reported a 6 percentage point acceleration in overall travel demand and a double-digit acceleration in business bookings in the third quarter from the prior quarter.
United expects its earnings to suffer in the current quarter due to operational constraints at Newark airport near New York City – one of its largest hubs and among the busiest in the country. REUTERS
As a result, it now expects its full-year adjusted profit to come in the range of $9 a share to $11 a share. That compares with analysts’ expectations of $10.04 a share.
“The world is less uncertain