There you go, this is awesome:
United Airlines' stock rose over 13% following a positive earnings forecast, despite announcing a reduction in their fleet expansion plans for 2024 due to delays from Boeing.
- UAL has cut its expected aircraft deliveries for the year, attributing this to ongoing quality issues with Boeing. Originally planning to receive 101 new narrow-body aircraft this year, United now expects only 61, and has also adjusted its 2024 delivery contracts from as many as 183 planes to a lower number. To address these delays, United plans to lease Airbus A321neo jets in the coming years.
- Cherry on the top: For the second quarter, United forecasts earnings between $3.75 and $4.25 per share, which exceeds market expectations.