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United’s shares surge after second-quarter profit tops Wall Street estimates

“United Continental Holdings shares surged more than 8 percent Wednesday morning after the third-largest U.S. airline raised its 2018 profit outlook and said higher fares are helping to recover most of the surge in fuel costs over the past year” writes Leslie Josephs for cnbc.com. Munoz has also struggled to convince investors that the airline’s aggressive growth plan wouldn’t spark a fare war among airlines. Source: cnbc.com Share This:

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United Airlines raises 2018 profit forecast; shares rise

“(Reuters) – United Airlines raised its profit forecast for 2018 on Tuesday, breaking a trend for U.S. airlines as average fares and traffic both rose and it trimmed capacity expansion in the face of soaring fuel costs” writes Midwest Communications Inc for 95kqds.com. But the Chicago-based carrier forecast adjusted profit for the full year at between $7.25 and $8.75, up from a previous range of $7.00 to $8.50. Source: 95kqds.com Share This:

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News Stocks 

Airlines feel the pinch of rising fuel prices, passengers will feel it next

“JBLU, -0.67% raised on Thursday its second-quarter fuel cost estimate to $2.28 to $2.30 a gallon, up from an estimate provided in April of $2.23, and above the first-quarter realized fuel price of $2.09 a gallon” writes Reporter Editor for marketwatch.com. American Airlines Group Inc.’s stock AAL, +1.03% climbed 1.1%, to bounce off a near two-year low at the close on Wednesday.For the second quarter, Delta said it paid an average $2.17 a gallon for fuel, above the estimate provided in April of $2.07 to $2.12, and well above the…

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Spirit Airlines expands Miramar headquarters

“Spirit Airlines has added 26,287 square feet to its corporate headquarters in Miramar, the company announced Tuesday” writes Ron Hurtibise for sun-sentinel.com. One of the top 10 U.S. airlines in terms of customer counts, Spirit first moved to the Miramar Park of Commerce at 2800 Executive Way with a lease for 54,194 square feet.With its 14,625 square foot expansion in 2013, the company now occupies 97,106 square feet at the location.The company flies to 67 airports in 15 countries and operates 65 daily flights at its busiest, Fort Lauderdale-Hollywood International…

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Google Pay is finally getting boarding passes, event tickets, and peer to peer money transfers

“Today, Google announced on its blog that the Pay app will be getting support for virtual boarding passes, event tickets, and peer to peer money transfers” writes Nathalia C for androidpolice.com. Pay the bill with Google Pay, open the transaction on your phone in the Pay app, and there’ll be a “split the cost” option.As to the peer to peer money transfers, they work basically like they do in the Pay Send app, but with a new trick: cost splitting. Source: androidpolice.com Share This:

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