United Airlines reaps $942 million profit on strong summer

United Airlines earned $942 million in the third quarter as vacationers paid higher fares and packed planes over the summer, and the airline offered an upbeat forecast of late-year earnings.

United said Tuesday that concern about inflation and the economy does not seem to be discouraging people from buying airline tickets.

The Chicago-based airline said adjusted earnings were $2.81 per share, compared with a forecast of $2.28 among analysts in a FactSet survey.

United forecast that fourth-quarter earnings will be between $2 and $2.25 per share, well above a FactSet forecast of 98 cents per share.