earnings
confidence high
sentiment positive
materiality 0.80
United Airlines Q2 adjusted EPS $5.03 record; raises FY2023 guidance to $11-$12
United Airlines Holdings, Inc.
2023-Q2 EPS reported
$2.66
revenue$25,607,000,000
- GAAP EPS $3.24, adjusted EPS $5.03 (record); adjusted pre-tax margin 15.3% (record).
- Total operating revenue $14.2B, up 17.1% YoY; capacity up 17.5% YoY.
- Full-year 2023 adjusted EPS guidance raised to $11-$12 from $10-$12.
- Balance sheet strengthened: TTM adj net debt/EBITDAR 2.4x, back to 2019 levels.
- Raised $1.3B via EETC; prepaid $1B of high-coupon debt.