Despite Hurricane Idalia’s impact, record travel was expected during the Labor Day weekend. The pent-up travel demand is also impacting travel volume. According to the Federal Aviation Administration, more than 250,000 flights were scheduled through Tuesday.
United Airlines Holdings, Inc. (UAL) stands to benefit from the Labor Day rush. The company recorded a total operating revenue of $14.18 billion for the second quarter, up 17.1% year-over-year. Moreover, its adjusted EPS improved by 251.7% from the year-ago value to $5.03.
