earnings
confidence high
sentiment positive
materiality 0.75
United Airlines Q1 2024 net loss $124M, adjusted loss $0.15/share beating expectations on $12.5B revenue
United Airlines Holdings, Inc.
2024-Q1 EPS reported
-$0.38
revenue$12,539,000,000
- Q1 2024 net loss $124M, diluted loss per share $0.38; adjusted net loss $50M, adjusted diluted loss per share $0.15.
- Total operating revenue $12.5B, +9.7% YoY; capacity +9.1%; TRASM +0.6%; CASM-ex +4.7%.
- Pre-tax loss $164M, adjusted pre-tax loss $79M, a $187M improvement YoY on adjusted basis.
- Boeing 737 MAX 9 grounding impact ~$200M; without it Q1 would have been profitable.
- Reaffirmed FY2024 adjusted EPS guidance $9-$11; fleet deliveries cut to 61 narrowbodies in 2024 from earlier 101.