The
The airline is still running fewer flights than before the pandemic. But it said it had reopened all of its lounges, resumed 19 international routes and restarted services to six cities that haven't been served since the pandemic began.
Shares in
The number of miles flown by paying passengers fell 27% from a year earlier. However United is flying with roughly 73% of its available seats full. While not as high as the 81% of all seats before the pandemic, it is much better than it was in 2021 first quarter, when roughly half of all seats were filled with paying passengers.
The first quarter started off troubled for the airline industry, dominated in the early weeks by omicron variant of the COVID-19 virus. The virus abated, and caseloads across the
“We continue to believe we will see a strong spring and lead in to summer as restrictions disappear and more people travel,” said analysts at
The airline appeared optimistic that its pandemic-related losses were behind it. United said it expects to post a profit for the second quarter and for the full year 2022. This is despite United facing higher fuel costs this quarter, paying on average
“The demand environment is the strongest it’s been in my 30 years in the industry … we’re now seeing clear evidence that the second quarter will be an historic inflection point for our business,”
United’s quarterly loss amounted to
Copyright 2022 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed without permission., source