Sam Boughedda

Investing.com — After United Airlines Holdings, Inc. raised its revenue expectations for this quarter, shares of United Airlines Holdings, Inc. (NASDAQ) jumped Tuesday.

The company expects to see total revenue per seat mile rise to 23%-25% in 2019, a significant increase on the previous forecast of 17%.

United Airlines reported last month that its first quarter was profitable. The airline also said they expect to report the largest quarterly revenue since its inception.

Airlines expect a rise in demand and bookings as summer approaches.

Others airlines, such as IAG in Europe (LON:), and American Airlines (NASDAQ 🙂 also expect a profitable second quarter.

United Airlines shares are up by 5% on Tuesday