United forecasts strong profits for bustling summer quarter, trims Newark schedule after disruptions

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United forecasts strong profits for bustling summer quarter, trims Newark schedule after disruptions
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The airline expects a strong third quarter despite mass flight disruptions at its Newark hub this month.

to capitalize on strong bookings after a years-long pandemic slump. The airline's revenue for international flights made up about 40% of its total sales but is growing faster than domestic sales.for the second quarter compared with what Wall Street expected, based on average estimates compiled by Refinitiv:$14.18 billion vs. an expected $13.91 billion

United's CEO Scott Kirby earlier this month said the company will have to reduce flights at Newark Liberty International Airport. A series of early-summer thunderstorms derailed United's operation at the airport, disrupting thousands of flights and displacing passengers and crews. "So hopefully, we will return to that bigger schedule in the future," he said on a quarterly call on Thursday. "But for next summer, I do think that we will have a smaller schedule, and we will operate a reliable schedule."

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