United shares surge more than 8 percent after the airline raises its outlook for the year

United says it is recovering 75 percent of the increase in fuel costs through higher fares and other initiatives. The airline's shares surged by more than 8 percent to an intraday high of $78.65 around 10 a.m. United Continental UAL Holdings shares surged more than 8 percent Wednesday morning after the third-largest U.S. airline raised its 2018 profit outlook and said higher fares are helping to recover most of the surge in fuel costs over the past year.