Shares of United Airlines traded higher Tuesday after the airline said it expects passenger revenue in the second quarter to rise as much as 25% from 2019.
In a filing, United (ticker: UAL) said it anticipates total revenue per available seat mile rising 23% to 25% in the second quarter from 2019 levels.
United said the “demand environment has continued to improve, resulting in a higher unit revenue outlook for the second quarter 2022.”
The airline previously expected an increase of 17%, which the company called last month the “strongest second quarter revenue guidance in company history.”
United said in April that it expects to return to profitability in the second quarter and for 2022.
In the filing late Monday, the airline also reaffirmed that its adjusted operating margin in the second quarter would be 10%. United said it expects fuel costs of $4.02 a gallon in the second quarter vs. prior expectations of $3.43.
The stock was rising 4% to $45.30 in premarket trading Tuesday.
Write to Joe Woelfel at [email protected]
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