earnings
confidence high
sentiment positive
materiality 0.80
United Q4 2022 net income $843M; pre-tax margin 9.1% ahead of 2023 target
United Airlines Holdings, Inc.
2022-FY EPS reported
$2.23
revenue$44,955,000,000
- Q4 net income $843M (adjusted $811M); revenue $12.4B (+14% vs Q4 2019); capacity down 9%.
- Pre-tax margin 9.1% GAAP (adjusted 9.0%), exceeding 2023 target of ~9% ahead of schedule.
- Operating margin 11.1% (adjusted 11.2%); CASM-ex up 11% vs Q4 2019; average fuel $3.54/gal.
- Announced largest widebody order by US carrier: 100 Boeing 787 plus 100 options, plus 100 737 MAX.
- Full-year 2022 net income $737M; ending liquidity $18.2B.