United Airlines Stock Jumps On Q3 Sale Forecast Amid Travel Boom

United Airlines Holdings (UAL) shares moved higher Wednesday after the carrier lifted its third quarter revenue growth forecast amid a big decline in jet fuel costs and improving travel demand.

In an investor update filed with the Securities and Exchange, United said it sees third quarter capacity trending “higher than originally expected” at levels that only 10% to 11% lower than in the pre-pandemic period of 2019.

Strong demand and more aggressive pricing, however, will mean operating revenues are likely to be 12% higher than in the third quarter of 2019, United Airlines said.

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