United Airlines on Tuesday forecast a stronger-than-expected profit in the current quarter, after its earnings topped Wall Street estimates in the fourth quarter on robust travel demand and improved pricing power.
· 11h
United Airlines sees stronger quarterly profit
· 9h · on MSN
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United Airlines said robust demand will fuel greater than expected first-quarter profits as the carrier continues to benefit from appetite for premium and international travel. United said it expects adjusted first-quarter profits between 75 cents and $1.
United Airlines (NASDAQ:UAL) reports Q4 earnings, expected to have $2.99 EPS and $14.40B revenue. Stock up 184.10% past year, 14.47% YTD. Analysts see 20% upside.
The Chicago-based company said it had net income of $2.95 per share. Earnings, adjusted for non-recurring costs, came to $3.26 per share. The results surpassed Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $3.01 per share.
U.S. stock indexes held firmer and finished mixed a day after strong reports on the economy stirred up worries that inflation and interest rates may remain higher than expected.
United, American Airlines, Delta Air Lines, and Southwest Airlines stocks rise following Delta's robust earnings report
Wall Street is drifting amid relatively modest moves, a day after strong reports on the economy stirred up worries that inflation and interest rates may stay higher than expected
Delta Air Lines expects a strong appetite for high-end travel to fuel profit in 2025, said Chief Executive Ed Bastian. The forecast comes as the airline posted better-than-expected revenue growth for last quarter,
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