United Airlines Holdings Inc on Tuesday beat Wall Street estimates for quarterly profit and held to its 2020 profit target, with a turnaround strategy overseen by its outgoing CEO underpinning growth even as the Boeing 737 MAX remains grounded. Chicago-based United is one of three U.S. airlines cancelling more than 1,000 monthly flights in a hit to profits as the 737 MAX remains grounded following two deadly crashes in Indonesia and Ethiopia. Boeing said on Tuesday it does not expect to win approval for the return of the 737 MAX to service until mid-year, longer than previously …read more
Source:: Yahoo Finance
