United Airlines second-quarter profit rose more than 20% from last year as strong demand for international travel boosted the carrier’s results, but its third-quarter forecast came in shy of estimates as an oversupply of flights weighs on fares.
United earned $1.32 billion, or $3.96 per share, in the three months ended June 30, up from $1.08 billion, or $3.24 per share, a year earlier. Adjusting for one-time items, it reported earnings of $4.14 a share, compared with $3.93 that analysts expected.
Revenue of $14.99 billion jumped 5.7% from the year-earlier period, though it was just shy of estimates.