United Airlines (NASDAQ:UAL) shares rose 2% after-hours following the company’s reported Q1 results, with EPS coming in at ($0.63), better than the Street estimate of ($0.74). Revenue was $11.4 billion, slightly above the Street estimate of $11.43 billion.

CEO Scott Kirby said that international travel bookings are growing at twice the domestic rate. Despite the risks of an economic recession, airlines are experiencing strong consumer demand and raising ticket prices, which has helped them offset increasing labor and fuel costs.

For Q2/23, the company expects EPS to be in the range of $3.50-$4.00, compared to the Street estimate of $3.65. For the full year, the company expects EPS of $10.00-$12.00, compared to the Street estimate of $8.73.