United Airlines Holdings Inc. late Wednesday refined its 2025 profit outlook, joining Delta Air Lines Inc. in giving investors some hope for the industry, but a mixed earnings snapshot and lingering macroeconomic concerns left the stock under pressure.

Delta Air Lines got earnings season off to a flying start last week and there's every reason to believe United Airlines can match that Wednesday.

United Airlines forecast on Wednesday a lower-than-expected profit in the quarter through September as worries about rising living costs and an uncertain economic outlook have led to a pullback in discretionary travel spending.