United Airlines Expects to Quadruple Profit in 2023

United Airlines Expects to Quadruple Profit in 2023
A United Airlines Boeing 737 sits at a gate at O'Hare International Airport in Chicago on June 5, 2019. Kamil Krzaczynski/Reuters
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CHICAGO—United Airlines Holdings on Tuesday forecast at least a four-fold jump in full-year profit for this year and reported fourth-quarter earnings that topped Wall Street estimates on robust travel demand, sending its shares higher.

The Chicago-based carrier sees an adjusted profit of $10 to $12 per share for 2023, up from $2.52 per share last year. That is well above analysts’ estimates of $6.54 a share, according to a Refinitiv survey.