United Airlines Expects to Quadruple Profit in 2023
CHICAGO—United Airlines Holdings on Tuesday forecast at least a four-fold jump in full-year profit for this year and reported fourth-quarter earnings that topped Wall Street estimates on robust travel demand, sending its shares higher.
The Chicago-based carrier sees an adjusted profit of $10 to $12 per share for 2023, up from $2.52 per share last year. That is well above analysts’ estimates of $6.54 a share, according to a Refinitiv survey.
United shares rose 4 percent to $53.22 in extended trading.
U.S. carriers are enjoying the strongest travel demand since the start of the COVID pandemic, boosted by reopening of closed borders, a strong U.S. dollar and rising corporate travel….