Transportation
United Soars as Outlook Eases Worry Over Boeing Deliveries
- Carrier alters 2024 fleet plan amid delays, safety review
- Second-quarter guidance surpasses Wall Street’s estimates
The revised order book shows the dramatic steps United is taking as it grapples with challenges including the delayed arrival of a key Boeing Co. model.
Photographer: Spencer Platt/Getty ImagesThis article is for subscribers only.
United Airlines Holdings Inc.’s shares surged the most in more than three years after the carrier forecast better-than-expected profit this quarter, tempering concerns that Boeing Co. aircraft delays and regulatory pressure will put expansion plans at risk.
Adjusted earnings will be $3.75 to $4.25 a share in the second quarter, the Chicago-based airline said late Tuesday. That topped the $3.73 average of analyst estimates compiled by Bloomberg.