United Airlines says resilient demand for air travel will help drive profit through the end of the year, offsetting concern about a broader economic slowdown.
The Chicago-based carrier says it expects its operating-profit margin to surpass prepandemic levels in the final quarter of the year, citing such factors as hybrid work, which has given customers more flexibility to travel for leisure more often.
Shares are up 6% in premarket trading on the news.
The federal government has announced a program that will provide $1.3 billion in debt relief for about 36,000 farmers who have fallen behind on loan payments or face foreclosure.
The money comes from the Inflation Reduction Act, allocated for distressed borrowers of loans administered by USDA.
Futures are down after stocks posted strong gains yesterday.
The Dow Industrials jumped 338, the NASDAQ gained 96 and the S&P 500 added 42.
