United AirlinesSecond-quarter profit rose greater than 20% from a 12 months earlier as strong demand for international travel boosted the airline's results, but third-quarter results fell wanting estimates.
United said Wednesday The company expects adjusted earnings of between $2.75 and $3.25 per share in the present quarter, lower than the $3.44 per share estimate of analysts surveyed by LSEG.
United shares fell about 3% in prolonged trading.
Here's what United have for the second quarter in comparison with Wall Street expectations, based on average estimates compiled by LSEG:
- Earnings per share: USD 4.14 adjusted versus USD 3.93 expected
- Revenue: 14,99 € billion in comparison with $15.06 billion expected
United earned $1.32 billion, or $3.96 per share, within the three months ended June 30, up from $1.08 billion, or $3.24 per share, a 12 months earlier. Adjusted for one-time items, United reported second-quarter earnings of $4.14 per share, compared with $3.93 expected by analysts.
Sales amounted to $14.99 billion, up 5.7 percent from the previous 12 months but slightly below estimates.
United And Delta Airlineswhich announced their results last week, are among the many top performers within the aviation industry, where most airlines are grappling with an expansion of domestic capability within the United States that has impacted airfares.
Both airlines have expanded their international flight offerings, which have enjoyed high demand following the pandemic, in addition to premium offerings akin to larger lounges and more spacious seats to appeal to the variety of travelers willing to pay more for a ticket.
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