earnings
confidence high
sentiment neutral
materiality 0.75
United Airlines Q1 net loss $194M; Q2 adj EPS target $3.50-$4.00, FY $10-$12
United Airlines Holdings, Inc.
2023-Q1 EPS reported
-$0.59
revenue$11,429,000,000
- Net loss $194M ($0.59 loss per share); adjusted net loss $207M ($0.63 adjusted loss per share).
- Total operating revenue $11.4B, up 51.1% YoY; TRASM up 22.5%.
- Q2 adjusted diluted EPS guidance $3.50-$4.00; FY 2023 guidance reiterated at $10-$12.
- Record Q1 operating cash flow >$3B; reduced adjusted debt by $4.6B over last 12 months.
- CASM-ex down 0.1% YoY; capacity (ASMs) up 23.4% YoY.