Transportation
United Airlines’ 2024 Outlook Tops Estimates Despite Early-Year Hurdles
- Company sees higher costs, quarterly loss amid Max 9 grounding
- Stock rises as much as 10%, biggest jump in nearly two years
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United Airlines Holdings Inc.’s profit is poised to beat Wall Street’s expectations this year as the carrier works to overcome the costs from a grounding of certain Boeing Co. 737 Max planes. Shares of United and other airlines climbed.
The airline’s full-year forecast suggests a sharp turnaround after this quarter, when United expects an adjusted loss of 35 to 85 cents a share. That would fall well short of the average 21-cent loss estimated by analysts.