Key TakeawaysLike rival Delta Air Lines, United Airlines posted a sizable increase in quarterly premium revenue, notching 10% year-over-year gains.On its earnings call Wednesday morning, United executives made frequent note of their basic economy offerings after the carrier reported 20% revenue improvement for its cheapest tickets."As a competitive tool, it's done exactly what we wanted it to do," United Chief Commercial Officer Andrew Nocella said of basic economy. Like rival Delta Air Lines (DAL), United ...

United Airlines Holdings, Inc. (NASDAQ:UAL) Q4 2024 Earnings Conference Call January 22, 2025 10:30 AM ET Company Participants Kristina Edwards - Managing Director of IR Scott Kirby - CEO Brett Hart - President Andrew Nocella - EVP and Chief Commercial Officer Mike Leskinen - EVP and CFO Conference Call Participants David Vernon - Bernstein Sheila Kahyaoglu - Jefferies Conor Cunningham - Melius Research Brandon Oglenski - Barclays Ravi Shanker - Morgan Stanley Jamie Baker - JPMorgan Andrew Didora - Bank of ...

United Airlines Holdings, Inc. (UAL) reported solid fourth-quarter 2024 results, with both earnings and revenues surpassing the Zacks Consensus Estimate.Quarterly earnings per share (EPS) (excluding 31 cents from non-recurring items) of $3.26 surpassed the Zacks Consensus Estimate of $3.01. The bottom line increased 63% on a year-over-year basis. The reported figure exceeded the company guided range of $2.50-$3.00.Find the latest EPS estimates and surprises on Zacks Earnings Calendar.Operating revenues of $ ...

United also said it expects adjusted earnings per share (EPS) between $0.75 and $1.25 during the first quarter of fiscal 2025, with the midpoint well above the $0.85 Visible Alpha consensus. United shares rose 2% Wednesday and have nearly tripled over the past 12 months. UPDATE—Jan. 22, 2025: This article has been updated to refreshed share prices. Do you have a news tip for Investopedia reporters? Please email us at tips@investopedia.com KEY TAKEAWAYS United Airlines (UAL) posted better-than-estimated four ...

KEY TAKEAWAYSUnited Airlines shares are rising in premarket trading Wednesday after the Chicago-based carrier posted better-than-estimated fourth-quarter results and gave a bullish current-quarter outlook.Premium revenue rose 10% year-over-year in the fourth quarter.United shares have nearly tripled over the past 12 months. United Airlines (UAL) shares are rising in premarket trading Wednesday after the Chicago-based carrier posted better-than-estimated fourth-quarter results and gave a bullish current-quar ...

About this content About Josh Lamb After graduating from the University of Kent in the summer of 2022 with a degree in History, Josh joined Proactive later that year as a journalist in the UK editorial team. Josh has reported on a range of areas whilst at Proactive, including energy companies during a time of global crisis, aviation and airlines as the sector recovers from the pandemic, as well as covering economic, social and governance issues. Read more About the publisher Proactive financial news and ...

United Airlines (UAL) came out with quarterly earnings of $3.26 per share, beating the Zacks Consensus Estimate of $3.01 per share. This compares to earnings of $2 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 8.31%. A quarter ago, it was expected that this airline would post earnings of $3.10 per share when it actually produced earnings of $3.33, delivering a surprise of 7.42%.Over the last four quarters, the company has su ...

A United Airlines airplane proceeds to a runway at Newark Liberty International Airport in front of the skyline of lower Manhattan and One World Trade Center in New York City on December 4, 2024, in Newark, New Jersey.United Airlines forecast first-quarter earnings that surpassed analysts' estimates as the carrier seeks to grow earnings again in 2025 thanks to strong travel demand.The airline said Tuesday that it expects to earn an adjusted 75 cents to $1.25 in the first three months of the year, above the ...

Q4 pre-tax margin up 3.2 points year-over-year, 3.5 points on an adjusted basis1Finished the year first in on-time departures at all seven United hubsSees robust demand in the first quarter 2025 as industry transformation is well underwayCHICAGO, Jan. 21, 2025 /PRNewswire/ -- United Airlines (UAL) today reported full-year and fourth-quarter 2024 financial results. The company had full-year pre-tax earnings of $4.2 billion, with a pre-tax margin of 7.3%; adjusted pre-tax earnings1 of $4.6 billion, with an ad ...

Financial Performance - Q4 pre-tax margin increased by 3.2 points year-over-year, and 3.5 points on an adjusted basis[1] - Full-year pre-tax earnings of $4.2 billion with a pre-tax margin of 7.3%, and adjusted pre-tax earnings of $4.6 billion with an adjusted pre-tax margin of 8.1%[1] - Full-year diluted earnings per share of $9.45, and adjusted diluted earnings per share of $10.61[1] - Q4 total operating revenue of $14.7 billion, up 7.8% compared to Q4 2023[8] - Q4 pre-tax earnings of $1.3 billion with a pre-tax margin of 8.9%, and adjusted pre-tax earnings of $1.4 billion with an adjusted pre-tax margin of 9.7%[8] - Q4 net income of $1.0 billion, and adjusted net income of $1.1 billion[8] - Q4 diluted earnings per share of $2.95, and adjusted diluted earnings per share of $3.26[8] - Full-year operating cash flow of $9.4 billion and free cash flow of $3.4 billion[8] - United Airlines reported a 6.9% increase in passenger revenue to $13.275 billion in Q4 2024 compared to Q4 2023[38] - Total operating revenue for Q4 2024 increased by 7.8% to $14.695 billion, driven by growth in passenger, cargo, and other operating revenues[38] - Operating income for Q4 2024 surged by 50.6% to $1.503 billion, reflecting improved operational efficiency[38] - Net income for Q4 2024 rose by 64.2% to $985 million, with diluted earnings per share increasing by 63.0% to $2.95[38] - Net income (GAAP) for Q4 2024 increased to $985 million, up 64.2% from $600 million in Q4 2023[55][57] - Adjusted EBITDA (non-GAAP) for Q4 2024 rose to $2,335 million, a 33.3% increase from $1,752 million in Q4 2023[55] - Adjusted EBITDA margin (non-GAAP) for Q4 2024 improved to 15.9%, up from 12.9% in Q4 2023[55] - Operating income (GAAP) for Q4 2024 grew to $1,503 million, a 50.6% increase from $998 million in Q4 2023[57] - Adjusted operating margin (non-GAAP) for Q4 2024 increased to 10.7%, up from 7.7% in Q4 2023[57] - Adjusted net income (Non-GAAP) for Q4 2024 rose to $1,090 million, a 64.2% increase from $664 million in Q4 2023[57] - Adjusted diluted earnings per share (Non-GAAP) for Q4 2024 increased to $3.26, up 63.0% from $2.00 in Q4 2023[57] - Total assets as of December 31, 2024, grew to $74,083 million, up from $71,104 million in 2023[59] - Total stockholders' equity as of December 31, 2024, increased to $12,675 million, up from $9,324 million in 2023[59] - Net cash provided by operating activities increased to $9,445 million in 2024 from $6,911 million in 2023, a growth of 36.7%[61] - Capital expenditures decreased to $5,615 million in 2024 from $7,171 million in 2023, a reduction of 21.7%[61] - Proceeds from sale of short-term and other investments decreased to $8,661 million in 2024 from $10,519 million in 2023, a decline of 17.7%[61] - Net cash used in investing activities decreased to $2,651 million in 2024 from $6,106 million in 2023, a reduction of 56.6%[61] - Proceeds from issuance of debt and other financial liabilities increased to $6,139 million in 2024 from $2,388 million in 2023, a growth of 157.1%[61] - Total operating and nonoperating special charges and unrealized (gains) losses on investments, net of income taxes, decreased to $385 million in 2024 from $719 million in 2023, a reduction of 46.5%[63] - The company recorded $128 million of charges related to the prepayment of the MileagePlus financing agreements and refinancing of term loans in 2024[65] - The effective tax rate increased to 24.4% in 2024 from 22.7% in 2023[66] - Labor contract ratification bonuses in 2023 amounted to $814 million[64] - Nonoperating unrealized (gains) losses on investments, net, increased to $199 million in 2024 from $(27) million in 2023[63] Revenue Growth - Cargo revenue saw a significant increase of 29.6% to $521 million in Q4 2024 compared to the same period in 2023[38] - Domestic passenger revenue increased by 5.7% to $8.138 billion in Q4 2024, while international passenger revenue grew by 8.7% to $5.137 billion[40] - Europe passenger revenue increased by 9.5% to $2.092 billion in Q4 2024, with a 7.1% rise in revenue per available seat mile (PRASM)[40] - Pacific passenger revenue grew by 11.2% to $1.477 billion in Q4 2024, despite a 2.3% decline in yield[40] - Passengers increased by 6.1% to 44,344 thousand in Q4 2024 compared to 41,779 thousand in Q4 2023[41] - RPMs (Revenue Passenger Miles) grew by 6.3% to 64,463 million in Q4 2024 from 60,671 million in Q4 2023[41] - ASMs (Available Seat Miles) rose by 6.2% to 78,298 million in Q4 2024 compared to 73,727 million in Q4 2023[41] - Cargo revenue ton miles increased by 9.7% to 981 million in Q4 2024 from 894 million in Q4 2023[41] Operational Efficiency - Aircraft fuel expenses decreased by 19.3% to $2.676 billion in Q4 2024, contributing to lower operating costs[38] - Salaries and related costs increased by 12.6% to $4.325 billion in Q4 2024, reflecting higher labor expenses[38] - CASM (Cost per Available Seat Mile) decreased by 1.6% to 16.85 cents in Q4 2024 from 17.13 cents in Q4 2023[41] - CASM-ex (excluding fuel, profit sharing, etc.) increased by 5.0% to 12.89 cents in Q4 2024 from 12.28 cents in Q4 2023[53] - Average aircraft fuel price per gallon decreased by 23.3% to $2.40 in Q4 2024 from $3.13 in Q4 2023[41] - Fuel gallons consumed increased by 5.3% to 1,115 million in Q4 2024 from 1,059 million in Q4 2023[41] - Aircraft in fleet increased by 3.5% to 1,406 at the end of 2024 compared to 1,358 at the end of 2023[41] Customer and Fleet Growth - Full-year record of nearly 174 million customers carried system-wide, with an average of 4,340 daily flights[8] - United expects to serve more international destinations across the Atlantic and Pacific than all other U.S. carriers combined in 2025, with 800 daily flights to and from 147 international destinations[16] - Employee headcount grew by 3.9% to 107.3 thousand as of December 31, 2024, compared to 103.3 thousand in 2023[41] Cash Flow and Investments - Free cash flow (Non-GAAP) for Q4 2024 was $(16) million, compared to $(3,076) million in Q4 2023[55]