United Airlines Beats Q2 Estimates With $1.99 EPS as Shares Slip 2% After Hours
Updated
Updated · CNBC · Jul 15
United Airlines Beats Q2 Estimates With $1.99 EPS as Shares Slip 2% After Hours
3 articles · Updated · CNBC · Jul 15
Summary
United reported adjusted Q2 earnings of $1.99 a share on $17.67 billion in revenue, topping analyst estimates even as the stock fell 2% in after-hours trading.
Resilient travel demand underpinned the beat, with the airline saying customers kept booking despite higher fares and higher energy costs.
Fuel remains the key pressure point: United has warned rising jet fuel prices could add nearly $6 billion to costs this year after a 34% July jump.
The after-hours drop followed a strong run in the stock, which is still up 28% over three months but sits 13% below its June 30 high.