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United Airlines Sees a Return to Profit on Surging Summer Travel

  • CEO Kirby says demand environment is strongest in 30 years
  • First-quarter loss, sales narrowly miss analysts’ estimates
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United Airlines CEO on Business Travel, Capacity, Fares
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United Airlines Holdings Inc. jumped after forecasting a profit this year, overcoming a first-quarter loss as consumers increasingly ditch their pandemic-era habits and resume air travel.

The carrier’s operating margin in the second quarter will be about 10%, according to a statement Wednesday. Fueled by booming leisure sales heading into the summer and “rapidly returning” business travel, the performance would end a string of nine consecutive quarterly losses.