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The company stated that the demand environment has continued to improve following the previous guidance, resulting in a higher unit revenue outlook for Q2.
Meanwhile, UAL noted that oil price has also increased, resulting in a higher expected fuel price for the quarter.
UAL now expects capacity vs. 2019 to be down ~14% (prior ~13%), total revenue per available seat mile (TRASM) vs. 2019 up by 23% - 25% (prior ~17%), and Cost Per Available Seat Mile (CASM-ex) vs. 2019 to be 16% - 17% (prior ~16%).
The airline expects the average Aircraft Fuel Price per Gallon to be $4.02 (prior $3.43) and an Adjusted Operating Margin of ~10% (unchanged).
Price Action: UAL shares are trading higher by 4.66% at $45.57 during the pre-market session on Tuesday.
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