Airlines Adjust Strategies as Excess Capacity Pressures Profit Margins

United and Delta report strong Q2 profits but warn of weaker forecasts due to overcapacity and aggressive discounting.

United Airlines' Q2 profit rose 23% to $1.32 billion, driven by strong travel demand.
Delta and United plan to reduce capacity in mid-August to improve pricing power.
Low-cost carriers are struggling with losses due to unprofitable domestic flights.
Premium cabins are a key revenue stream for major airlines amidst pricing pressures.
Alaska Airlines also returned to profitability, reporting a record $2.9 billion in quarterly revenue.