United Airlines reported better-than-expected second-quarter results and raised its full-year earnings guidance, even as sharply higher fuel prices erased much of the benefit from record revenue.
The airline earned $805 million on a GAAP basis, or $2.46 per diluted share. Excluding special items, United reported adjusted net income of $649 million and adjusted earnings of $1.99 per share, beating Wall Street expectations.
United also raised its full-year adjusted earnings guidance to between $9 and $11 per share. The previous range was $7 to $11, meaning the airline now expects results to land toward the stronger end of its original outlook.
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