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A grounds crew member directs an United Airlines airplane to a gate at Terminal A at Newark Liberty International Airport (EWR) in Newark, New Jersey, US, on Thursday, Jan. 12, 2023.
Aristide Economopoulos | Bloomberg | Getty Images
United Airlines‘ fourth-quarter profit topped Wall Street estimates thanks to strong demand and high fares.
Consumers’ appetite for air travel and willingness to pay higher fares has helped airlines return to profitability despite higher costs for fuel, labor and other expenses tied to ramping their networks back up. Meanwhile, aircraft delivery delays and training backlogs have constrained airlines’ growth, keeping fares high.
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Source cnbc.com
