United Airlines posts record high quarterly earnings, lifts full-year outlook

📆 20/07/2023 01:05:00
📰 Reuters

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United Airlines Holdings on Wednesday lifted its full-year profit outlook after posting the highest ever quarterly earnings on booming demand for international travel.

United Airlines planes are parked at their gates at O'Hare International Airport ahead of the Thanksgiving holiday in Chicago, Illinois, U.S., November 20, 2021. REUTERS/Brendan McDermidon Wednesday lifted its full-year profit outlook after posting the highest ever quarterly earnings on booming demand for international travel.Ticket sales at U.S. carriers are soaring despite rising living costs as consumers cut spending on goods in favor of experiences.

Among U.S. airlines, higher-margin international travel is the most important to United, accounting for about 38% of its passenger revenue before the pandemic. To capitalize on international travel demand, United announced earlier this week a second expansion of its Pacific coverage this autumn with new flights to Manila, Hong Kong, Taipei and Tokyo.

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