United results top estimates as demand remains resilient despite high fares
Publishing timestamp: 2023-01-17 18:07:02
Summary
United Airlines' fourth-quarter profit and outlook for early 2023 exceeded Wall Street estimates due to strong travel demand and high fares. United expects to expand flying 20% in the first quarter from the year before and generate revenue 50% higher than the same period of 2022. The airline is hoping to boost pilot and crew counts into the next fiscal year and is in negotiations with its pilots union. United executives will hold a call with analysts and media on Wednesday.
Sentiment: POSITIVE
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Source: https://www.cnbc.com/2023/01/17/united-airlines-ual-earnings-q4-2022.html