Demand remains strong headed into the fall, United Airlines reported Wednesday.
In a regulatory filing, United adjusted its revenue guidance for the third quarter slightly upward. The carrier now expects to beat its operating revenue from the third quarter of 2019 by 12%, compared to its July guidance of 11%.
In addition, United now projects an adjusted operating margin for the quarter of 10.5%, up from earlier guidance of 10%.
United expects capacity to be down 10% to 11% from 2019, largely unchanged from its earlier guidance of down 11%.
Speaking at the Cowen Global Transportation and Sustainable Mobility Conference on Wednesday, United senior vice president of global network Patrick Quayle said there has been no drop-off in demand for flights to Mexico, the Caribbean and Europe.
“We’re seeing a really strong September. It does not appear that summer has come to an end, it’s that strong,” he said.
In a separate interview at the conference, American Airlines CEO Robert Isom said that AA’s revenue guidance for Q3 remains unchanged from July. American projects 10% to 12% higher revenue than 2019 on 8% to 10% less capacity.
“We continue to see revenue and expense and margins tracking as expected, and that’s good news,” Isom said.
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