United Airlines Holdings recently released its financial results for the second quarter, reporting a revenue of $149.9 billion, reflecting a nearly 10% year-over-year increase and surpassing market expectations of $151.4 billion. The airline posted net income of $13.23 billion, a 23.1% growth compared to the same period last year, aligning with market forecasts. Adjusted earnings per share stood at $4.14, beating consensus estimates of $3.93.

During the quarter, Available Seat Miles (ASMs) increased by 8.3% to 796.78 billion miles. However, Passenger Revenue per Available Seat Mile (PRASM) registered a 2.9% decline to 17.17 cents. This metric indicates a moderation in passenger yield.

Looking forward, United Airlines projects adjusted earnings per share for the third quarter to range between $2.75 and $3.25, which is below the market's anticipated $3.44. The company noted that capacity reductions in the US aviation sector, beginning in mid-August, are expected to be down 300 basis points year over year, potentially easing downward pressure on airfares. Despite this, the full-year adjusted earnings guidance remains unchanged at $9 to $11 per share.

In response to the news, the stock was seen trading 0.77% higher in after-hours sessions.