CHICAGO, July 19 (Reuters) – United Airlines Holdings (UAL.O) on Wednesday lifted its full-year profit outlook after posting the highest ever quarterly earnings on booming demand for international travel.
The Chicago-based carrier said it now expects an adjusted profit of $11 to $12 per share for 2023, compared with $10 to $12 estimated in January. That is well above analysts’ consensus earnings estimate of $9.77 per share for 2023, according to a Refinitiv survey.
Adjusted profit for the second quarter came in at $5.03 per share, above analysts’ expectations for $4.03 according to Refinitiv data.
For the third quarter, United forecast adjusted earnings of $3.85 to $4.35 per share, while the Wall Street consensus is $3.70.
Reporting by Rajesh Kumar Singh; Editing by Richard Chang
Our Standards: The Thomson Reuters Trust Principles.
United Airlines posts record high quarterly earnings, lifts full-year outlook
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