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 said “acceleration” in demand amid declining geopolitical and economic uncertainty should help it avoid the previous quarter’s “recessionary” forecast for full-year earnings. The more optimistic outlook came as the carrier reported second-quarter results that were below Wall Street forecasts,