United Airlines posts $1 billion profit on summer travel

“The results released Tuesday were better than Wall Street expected, and United raised its forecast of full-year profit” writes The Associated Press for Cowen analyst Helane Becker said rising capacity — not all of it from the Max — will cause United’s revenue per mile to decline next year.United didn’t forecast that far ahead, but it said revenue per seat will be flat to up 2% in the fourth quarter.

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