United Airlines posts record high quarterly earnings, lifts full-year outlook

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The Chicago-based carrier said it now expects an adjusted profit of $11 to $12 per share for 2023, compared with $10 to $12 estimated in January. That is well above analysts’ consensus earnings estimate of $9.77 per share for 2023, according to a Refinitiv survey.

Adjusted profit for the second quarter came in at $5.03 per share, above analysts’ expectations for $4.03 according to Refinitiv data.

For the third quarter, United forecast adjusted earnings of $3.85 to $4.35 per share, while the Wall Street consensus is $3.70.