United Airlines soars, propels peers higher after stronger profit forecast
** Shares of United Airlines UAL.O soaring >11% to $71.27, over 4-yr high, on Weds after current quarter profit outlook tops consensus, and helps lift peers
** UAL late Tues forecast adj EPS of $2.50-$3 in qtr through Dec, after posting Q3 profit beat on improved pricing power
** It also unveiled $1.5 bln stock buyback program
** Shares of legacy carriers Delta Air Lines DAL.N rise >5%, while American Airlines AAL.O up >4% on Weds
** Budget airline Southwest LUV.N up ~2%, and its smaller rival JetBlue JBLU.O edges up 0.6%
** S&P 1500 airlines sub-index .SPCOMAIR up 5.7% to highest level since Jul 2023
** Last week, DAL also reported an improvement in its unit rev in the third quarter and said trend expected to continue through year end
** With move on the session, SPCOMAIR up 30% YTD
(Lance Tupper is a Reuters market analyst. The views expressed are his own)
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