Governor of the Qatar Central Bank H E Sheikh Bandar bin Mohammed bin Saoud Al Thani met yesterday with the Rt Hon. Alastair King, Lord Mayor of the City of London, on the sidelines of the World Economic Forum (WEF) Annual Meeting 2025 in Davos, Switzerland. During the meeting, they reviewed key global banking and investment developments. Separately, QCB Governor met with Trevor Thomson, Global Head of Growth at Scale AI on the sidelines of the forum. During the meeting, they discussed the latest developments in the application of artificial intelligence within the banking sector. He also met Dr. Oliver Blume, Chairman and Chief Executive Officer of the Volkswagen Group.
Chicago: United Airlines Holdings Inc. predicted first-quarter profit well ahead of Wall Street’s estimates as the carrier capitalizes on unusually strong demand for premium and international travel during the winter months.
Adjusted earnings will be 75 cents to $1.25 a share in the current period, the airline said late Tuesday while reporting better-than-expected earnings for the final months of 2024.
Even at the low end, the forecast tops the 56 cents expected on average by analysts.
“United reported an impressive set of results,” Tom Fitzgerald, a TD Cowen analyst, said in a note.
“United is navigating the higher operating cost environment well and making the right investments.”
The carrier’s shares rose 4% before the start of regular trading Wednesday in New York, lifting the stocks of rivals American Airlines Group Inc. and Delta Air Lines Inc.
A post-earnings bounce would add to United’s 135% rally last year.
The upbeat outlook echoes a similarly bullish report earlier this month from Delta, suggesting travel demand will remain above historic norms in what’s typically the industry’s weakest period, after the December holidays and as schools reopen.
United last turned a first-quarter profit in 2019.
