Pursuits
United, US Airways Surge as Profits Top Estimates
This article is for subscribers only.
United Continental Holdings Inc. and US Airways Group Inc. surged the most since October after posting profits that beat analysts’ estimates as airlines regained the power to raise fares after the recession.
Quarterly profit excluding one-time items at United Continental was $160 million, or 44 cents a share, following the October merger of United and Continental airlines to form the world’s largest carrier. US Airways, No. 5 in the U.S., reported net income today of $28 million, or 17 cents.