Earnings

United Airlines (UAL) earnings Q3 22

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Earnings Alert: United Airlines on the move

United Airlines forecast another profit for the end of the year and said consumer appetite for travel is showing no signs of slowing down despite high airfares and concerns about the economy.

Shares were up more than 5% in premarket trading on Wednesday.

United’s CEO Scott Kirby said more flexible workplaces are changing travel patterns, allowing the airline to offset headwinds from a slowing economy.

“Hybrid work allows every weekend to be a holiday weekend,” Kirby said in an interview Wednesday with CNBC’s “Squawk Box.” He said remote work is allowing travelers to fly on days they wouldn’t be able to before the pandemic, when they were in the office more often.

“It wasn’t money that…



Source cnbc.com

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