United Airlines (NASDAQ:UAL) recorded an EPS of $2.46 in Q4 2022, beating analysts’ expectations of $2.10.
The company reported better-than-expected earnings on the back of steady travel demand as well as an increased willingness to pay higher fares.
Costs of fares are expected to remain high for the time being, as higher fuel costs, labor, delivery delays, and more all have an impact on airlines’ growth and pressure them to keep fares high.
United Airlines intends to expand its flying by 20% during Q1 2023.
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