
"Performance" United Airlines' second-quarter profit beats expectations, CEO says travel demand is rebounding
United Airlines (UAL.US) announced that its net profit for the second quarter fell 26% year-on-year to $973 million, with adjusted earnings per share of $3.87, exceeding market expectations of $3.81; revenue increased 1.7% year-on-year to $15.24 billion, which was below expectations. The company indicated that travel demand is recovering.
In the last quarter, unit revenue decreased by 4%, with the largest decline in domestic passenger revenue, which fell 7% compared to the same period last year; international revenue decreased by 2.2% year-on-year for United Airlines in Europe due to weakened pricing power.
United Airlines expects adjusted earnings per share this year to be between $9 and $11, with market expectations at $10. CEO Scott Kirby stated that uncertainty has decreased compared to the first half of this year, giving the company confidence in its business outlook for the year

