NEW YORK, Jan 18 ― Eyeing another year of strong travel demand and limited airline industry capacity, United Airlines projected a big jump in 2023 profits yesterday after...
NEW YORK, Jan 18 ― Eyeing another year of strong travel demand and limited airline industry capacity, United Airlines projected a big jump in 2023 profits yesterday after releasing fourth-quarter earnings that topped expectations.
United reported profits of US$843 million for the fourth quarter, compared with a loss of US$646 million in the year-ago period.United called the post-pandemic airline environment an “unprecedented opportunity,” according to a company PowerPoint presentation. Limited air industry capacity has boosted airplane ticket prices and airline profits, as consumers seek out travel after the pandemic grounded many people.
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