United Airlines (UAL.US) Q2 performance exceeds expectations but struggles to hide impact of rising oil prices! Estimated annual fuel costs increasing by $6 billion may drag down profits.

According to the financial news app Caijing, United Airlines (UAL.US) announced that its second quarter performance exceeded Wall Street expectations, but the airline also warned that the ongoing additional fuel costs in the billions of dollars are still weighing on profit performance. The financial report shows that United Airlines' second quarter revenue was $17.67 billion, a 16% increase year-on-year, beating analysts' general expectations of $17.61 billion; net profit decreased by over 17% year-on-year to $805 million; adjusted net profit was $649 million; adjusted earnings per share was $1.99, better than analysts' general expectations of $1.88.