Zaid Admani

Now let's talk about United Airlines.

Their shares are trading lower this morning following their earnings report.

The airline reported better than expected profits, but slightly weaker revenue.

See, unlike the rest of the airline industry, United Airlines has been expanding its capacity.

Their Q3 capacity increased by 7%, but all that extra flying impacted prices.

Their unit passenger revenues dropped by 3.3% overall, including a 7% drop on international routes.

But still, United Airlines points to strong demand for premium and first class seating, which is what Delta also said last week in their earnings.

United said that revenues from their first class and other upgraded cabins rose by 6%.

Still, that wasn't enough to make investors happy.

Shares of United are down more than 2% in pre-market trading in reaction to the earnings.

I'm someone who usually flies United because I live in Houston and Houston is a major hub for them.

I'm just really hyped that United is starting to roll out Starlink internet services on their planes.

Let's wrap the show with a fun fact.

PayPal accidentally minted $300 trillion worth of their stable coins yesterday.

And PayPal partners with a company called Paxos to handle its crypto operations.

And someone over there apparently fat fingered the system and accidentally created $300 trillion of PayPal USD tokens, which is actually the sixth largest stable coin in the world.

Paxos said that it was just a technical error during an internal transfer and they caught it within 20 minutes and burned the extra coins.

No funds were lost.

No customers were impacted.

So ultimately it was a non-issue.