From CNBC,
United Airlines’ summer earnings and profit outlook top estimates, but revenue falls short.
To be clear, the airline’s revenue was still up for the third quarter (2.6%), just not up enough to meet even rosier analyst expectations.
Skipping down to the very last paragraph in the CNBC story,
In the spring and early summer, United and other carriers trimmed their earnings forecasts they made at the start of the year, after passenger demand dipped amid on-again-off-again tariffs, and an oversupply of flights weighed on airfare.
Remember that? I do. The airline slump never happened. If you look at current TSA statistics, traffic is still strong, into the fall. Yes, they are still publishing daily passenger numbers, even though government ceased to exist more than two weeks ago.
This detail about United caught my eye,
The carrier is vying with Delta Air Lines to win over more affluent travelers who shell out more for seats, and it has expanded its global network with far-flung destinations like Greenland and Mongolia.
That is far flung.
