United Airlines ' second-quarter profit rose more than 20% from last year as strong demand for international travel boosted the carrier's results, but its third-quarter forecast came in shy of estimates as an oversupply of flights weighs on fares.
United and Delta Air Lines , which also disappointed with its third-quarter guidance, have still been standouts in the U.S. airline industry.
The company expanded domestic flying by more than 5% in the second quarter over last year, and unit revenues fell more than 1% over last year.
On Tuesday, Spirit Airlines cut its second-quarter forecast, citing weaker-than-expected revenue for fees like seating or luggage.
Southwest Airlines and American Airlines , which report results on July 25, previously reduced their second-quarter estimates.
Persons:
United, Scott Kirby
Organizations:
Airlines, United, LSEG, Delta Air Lines, U.S, Spirit Airlines, Southwest Airlines, American Airlines
Locations:
Europe