United Airlines rises on stable bookings despite forecast miss

United Airlines shares UAL.O rise ~5.5% to $70.70 in extended trade

UAL says forward bookings over the last two weeks have remained stable

However, UAL expects adjusted profit between $3.25 and $4.25 per share in the current quarter, the midpoint of which is lower than $3.93 estimated by analysts, according to data compiled by LSEG

UAL estimates an economic recession in the U.S. would lead to a 5 percentage point drop in its revenue, translating into FY adjusted profit of $7 a share to $9 a share

Up to Tuesday's close, stock had fallen ~31% YTD