United Airlines Cuts Profit Outlook Amid Revenue Miss

United Airlines reported stronger-than-expected second-quarter earnings with adjusted EPS of $3.87, but revenue of $15.24 billion fell short of expectations, growing only 1.7% year-over-year. The company revised its full-year profit outlook to $9.00-$11.00 per share, lowering the high-end estimate amid economic uncertainty and softer discretionary travel demand due to higher living costs. International and premium travel remain strong, but domestic and budget segments are under pressure, leading to increased competition and lower fares. Operational challenges at Newark Liberty International Airport, including FAA-imposed flight caps and staffing shortages, continue to squeeze margins. United noted a recent improvement in business travel bookings and expressed confidence in a strong year-end finish. However, the updated guidance and mixed results led to a cautious market response, with concerns about narrowing margins and slower growth.