Nigeria, April 16 -- This report is from today's TNC's Daily Open, our international markets update. TNC Daily Open keeps investors informed on everything they need to know, no matter where they are.

One of the few ways to go from your starting point to your destination in a largely straight route is via airplane. However, when it comes to forecasting its financial performance, United Airlines, one of the largest airlines in the United States, lacks the luxury of a direct route. The airline released two full-year earnings projections on Tuesday: the first, which dates back to January, and the second, which was recently updated to account for a recession.

On the one hand, it acknowledges that economic forecasting is impossible; consider ...