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United Airlines Continues To See Strong Demand Environment; Updates Q3 Guidance

United Airlines Holdings, Inc. (UAL) said, compared to the third quarter 2019, the company now expects third quarter 2022 adjusted operating margin to improve to approximately 10.5%. The company's prior guidance was approximately 10%.

United Airlines continues to see a strong demand environment and now expects third quarter 2022 total operating revenue to be up around 12% from third quarter 2019. The previous guidance was approximately 11%.

The company noted that third quarter 2022 capacity is trending higher than originally expected and is now expected to be down 10% to 11% versus third quarter 2019. The prior guidance was a decline of approximately 11%.

The company now expects third quarter 2022 CASM-ex to be up around 16% versus third quarter 2019. Prior guidance range was 16% - 17%, for the quarter.

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