earnings
confidence high
sentiment positive
materiality 0.75
United Airlines Q2 adjusted EPS $4.14 in line; reaffirms FY2024 guidance $9-$11
United Airlines Holdings, Inc.
2024-Q2 EPS reported
$3.60
revenue$27,525,000,000
- Q2 pre-tax earnings $1.7B (11.6% margin); adjusted pre-tax $1.8B (12.1% margin).
- Revenue $15.0B (+5.7% YoY); capacity +8.3%; CASM -4.8%, CASM-ex +2.1%.
- Premium revenue +8.5% YoY; Basic Economy revenue +38% YoY.
- Prepaid $1.8B MileagePlus term loan (near 11% interest) in early July.
- Ending liquidity $18.2B; trailing 12M adj. net debt/EBITDAR 2.6x.