Record summer travel figures are likely to boost profits for United Airlines, but surging fuel costs could clip it bottom line heading into the final months of the year.
shares edged lower in pre-market trading ahead of the carrier's third quarter earnings slated for after the closing bell.
The Transportation Security Administration said it screened around 227.5 million passengers between Memorial Day and the Labor Day weekend. That's a larger total than in 2019, the year prior to the pandemic, and works out to around 2.5 million travelers per day through all U.S. airports. Higher ticket and sundry prices are also like to boost the carrier's overall profits, as well, with analysts expecting United's adjusted bottom line to rise 19.2% from last year to $3.35 per share.
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