United Airlines grew its second-quarter profit thanks to strong travel demand, especially international markets.' second-quarter profit rose more than 20% from last year as strong demand for international travel boosted the carrier's results, but its third-quarter forecast came in shy of estimates as an oversupply of flights weighs on fares.that it expects to earn between $2.75 and $3.25 a share on an adjusted basis in the current quarter, lower than the $3.
Both carriers have added international flights, which have been in high demand after the pandemic, and premium offerings, like bigger lounges and more spacious seats, capitalizing on travelers willing to pay more for a ticket. United CEO Scott Kirby said airlines have been trimming their schedules and that there will be an inflection point to moderate the supply next month.
"Looking forward, we see multiple airlines have begun to cancel loss-making capacity, and we expect leading unit revenue performance among our largest peers in the second half of the third quarter," he said.How Delta made itself America's luxury airline — and what United wants to do about it