United Airlines plans to increase summer fares by 15% to 20% as jet fuel costs have doubled following the Iran war. CEO Scott Kirby noted strong traveler demand allows the airline to pass these higher fuel expenses to customers. Despite rising costs, United reported higher profits last quarter and is also reducing flight capacity to manage expenses, which may further push fares up. Kirby expects oil prices to stabilize and not remain high for an extended period.
Taiwan Semiconductor Manufacturing Company (TSMC) announced an additional $100 billion investment in its U.S. chip production, raising its total commitment to $265 billion. This funding will support the construction of four new fabrication plants usi...
United Airlines reported second-quarter earnings per share of $1.99, surpassing Wall Street estimates of $1.88, with revenue of $17.67 billion slightly above expectations. However, rising jet fuel prices, up 34% in July alone due to U.S.-Iran tension...
United Airlines is set to report its Q2 earnings with expectations of a strong performance, driven by 3% capacity growth and a 12.8% rise in unit revenue. UBS forecasts earnings per share at $1.91, above consensus, but rising jet fuel prices pose a s...
United Airlines is set to report its Q2 2026 earnings on July 15, with analysts expecting a 16% revenue increase to about $17.68 billion. Despite this top-line growth, earnings per share (EPS) are forecasted to drop by 51.2% to $1.89, though recent a...
US stock futures rose after a softer-than-expected Consumer Price Index (CPI) report reduced the chances of a Federal Reserve rate hike in July. The market now awaits today's Producer Price Index (PPI) data, which could either confirm easing inflatio...
