Thndr Claps » U.S. Claps » Airlines ✈️ » United Airlines record strong Q3 📈
The ClapUnited Airlines (NASDAQ: UAL) is expecting to record a profit for the end of 2022, as recovery from the pandemic continues.
The DeetsThe company recorded earnings per share of $2.81, smashing analysts’ estimate of $2.28.
In addition to that, the company recorded revenues of $12.88 billion, more than the expected $12.75 billion.
Travel season during the summer proved to be strong, after COVID restrictions significantly impacted demand.
Why this MattersUnited Airlines’ stock jumped 3% following the earnings release.
The airline sector, unlike other sectors, has had an upbeat outlook. Strong travel demand to Europe was one of the main drivers of the better-than-expected earnings.
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