United Airlines (UAL) now expects average fuel price per gallon for Q2 to be $4.02.
United Airlines Holdings (NASDAQ: UAL) raised its outlook for the current quarter, and it is giving a lift to the entire airline sector. Shares of United and JetBlue Airways (NASDAQ: JBLU) traded up as much as 7% by midday Tuesday, while shares of American Airlines Group (NASDAQ: AAL), Delta Air Lines (NYSE: DAL), Alaska Air Group (NYSE: ALK), Hawaiian Holdings (NASDAQ: HA), and Brazilian airline Azul (NYSE: AZUL) were all up 5% or more.
CHICAGO/WASHINGTON (Reuters) -United Airlines said on Tuesday the Federal Aviation Administration (FAA) has cleared its Boeing 777 planes equipped with Pratt & Whitney (PW) 4000 engines to return to service, while the wide-body jets are expected to begin flying next week. Andrew Nocella, United's chief commercial officer, said the FAA issued the final paperwork for the planes late on Monday. Separately, the FAA confirmed it has approved the service bulletins that will allow the Boeing 777-200 with Pratt & Whitney PW4000 engines to return to service.