United Airlines returns to profitability

United Airlines (UAL) has achieved the highest second quarter revenue in its history, delivering its first profitable quarter since COVID-19 began, despite record-high fuel prices. The second quarter results combined with continued progress the company is seeing affirms United’s confidence in achieving the long-term adjusted pre-tax margin targets of approximately 9% in 2023 and about 14% in 2026 that are part of the United Next strategy. For the quarter, United saw operating revenue up 6% versus the same quarter in 2019 and expects to see sequential improvement in the third quarter. The company also had record-setting TRASM (Total Revenue Per