Reported 3 months ago
United Airlines announced a 23% increase in second-quarter profit to $1.32 billion, attributing it to a surge in airport crowds despite escalating fuel and labor expenses. However, the carrier cautioned that third-quarter results might fall below expectations due to increased domestic flights leading to price reductions. United, along with Delta Air Lines and Alaska Airlines, are adjusting their schedules to improve pricing power amid competition from budget airlines like Spirit and Frontier.
Source: YAHOO