Shares of United Airlines Holdings Inc. rallied after hours on Wednesday after the air carrier gave a more upbeat full-year profit outlook, as the travel...
Shares of United Airlines Holdings Inc. UAL rallied after hours on Wednesday after the air carrier gave a more upbeat full-year profit outlook, as the travel industry’s rebound runs up against nationwide service issues. For the full year, United raised its per-share profit forecast to $11 to $12, up from a prior range of $10 to $12 and above FactSet forecasts for $9.78. For the third quarter, United said it expected to report adjusted earnings per share of $3.85 to $4.
For the full year, United raised its per-share profit forecast to $11 to $12, up from a prior range of $10 to $12 and above FactSet forecasts for $9.78. For the third quarter, United said it expected to report adjusted earnings per share of $3.85 to $4.35, better than FactSet expectations for $3.76. The airline also forecast sales growth of 10% to 13%, above FactSet forecasts for around 9%. Shares rose 2.5% after hours. The company reported net income of $1.1 billion, or $3.
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