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.

United Airlines on Wednesday forecast 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.

They splurged, paying $1,153 each, plus $87 for travel insurance, for first class seats on a February United Airlines flight. But the fall before, they heard a few unsettling things about the political climate in the island nation.