United Offers Two-Scenario Forecast to Clear Through Tariff Fog

United Airlines Holdings Inc. reassured investors worried about wobbly demand with a vow to make money even during a recession.

The company plans to control costs and keep its planes full, dialing back flying plans as needed to keep profits coming in should President Donald Trump’s trade war trigger an economic downturn. The carrier took the unusual step of issuing two profit forecasts, saying adjusted earnings will be $11.50 to $13.50 a share this year if the current environment remains stable, or as little as $7 a share if the US economy enters a recession.

“That’s a pretty ...