The desire to travel abroad after the corona pandemic has led some of the major US airlines to dream of quickly expanding their fleet.
“I wish we had more planes,” United Airlines CEO Scott Kirby told CNBC on Thursday. United already has around 30 more large-capacity aircraft in operation than at the beginning of the pandemic – but the demand on international routes is so strong that every available aircraft would be used.
United and competitor American Airlines are the next US carriers to capitalize on demand for overseas flights and continued high ticket prices. In the past quarter, United’s profit of $1.08 billion (970 million euros) was a good three times higher than a year earlier. Revenue increased 17 percent to just over $14 billion, the airline said after the US stock market closed on Wednesday. Delta Air Lines also reported strong numbers last week.
The bottom line is that American Airlines earned a good $1.3 billion, almost three times as much as a year earlier. Sales grew by almost five percent to a good 14 billion dollars and thus more strongly than expected by analysts on average.
The development in the home market and on international routes was different. On US routes there was only an increase of 0.8 percent to almost 9.2 billion dollars. In the case of transatlantic flights, on the other hand, sales jumped 22 percent to around $1.9 billion, as American announced on Thursday. Both airlines were more optimistic in their forecasts after the quarter.
On the stock exchange, however, the news is received very differently. While United’s shares rose by around 2.32 percent to $56.07 on Thursday, American Airlines’ stock on the NASDAQ temporarily lost around 6.42 percent to $17.41.
NEW YORK (dpa AFX)
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