United Airlines Q2 profit rises to $1.32 billion as travel demand offsets the carrier's rising costs

United Airlines is reporting higher profit in the second quarter, thanks to record crowds at U.S. airports. United said Wednesday that its profit rose 23% to $1.32 billion in the three-month period that ended June 30. However, the airline is warning that its third-quarter results will fall short of Wall Street expectations. That's because airlines are adding more flights than the market can handle, creating a glut of seats that is keeping prices from rising. Airlines are trimming their schedules for mid-August and beyond, which United says will help reduce the oversupply of flights.