United Airlines posts higher-than-expected revenue after travel demand rebounds

(CNBC) United Airlines on Tuesday reported higher-than-expected revenue as travelers returned in the summer, despite a hit from the delta variant. The airline didn’t give a timeline for when it would return to profitability. United posted net income of $473 million thanks to a boost from $1.13 billion in federal payroll aid. Its third-quarter sales totaled $7.75 billion compared with Wall Street analysts’ expectations for $7.64 billion and down 32% from the same quarter in 2019, before the Covid-19 pandemic began.

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