Highest-materiality recent filing
United CEO confirms merger approach to American Airlines; talks ended after rejection
CEO Scott Kirby approached American Airlines about a combination but American declined to engage, ending merger pursuit.
United Q1 EPS $2.14 (+85% YoY); revenue up 10.6%; cuts 5 pts of capacity
Q1 diluted EPS $2.14, up 85% YoY; adjusted diluted EPS $1.19, up 31% YoY.
United Airlines issues $1B of 4.875% Senior Notes due 2029
$1B principal of 4.875% Senior Notes due March 1, 2029, issued via public offering.
United Airlines Q4 EPS $3.19, FY EPS $10.20; revenue record $15.4B
Full-year diluted EPS $10.20 (up 8% YoY); adjusted diluted EPS $10.62.
United Airlines Q3 adjusted EPS $2.78 beats guidance; Q4 outlook $3.00-$3.50 above expectations
Q3 diluted EPS $2.90, adjusted diluted EPS $2.78 (guidance $2.25-$2.75); Q4 adjusted EPS guidance $3.00-$3.50.
United Airlines Q2 adjusted EPS $3.87, beats guidance; FY2025 view $9-$11
Q2 diluted EPS $2.97, adjusted diluted EPS $3.87 vs guidance $3.25-$4.25
United Airlines redeems $1.52B 2027 notes, unencumbers MileagePlus assets
Redeemed all $1.52B of 6.50% Senior Secured Notes due 2027 using cash on hand; no refinancing.
Q1 pre-tax earnings $478M (margin 3.6%), adjusted $391M (3.0%); diluted EPS $1.16, adjusted EPS $0.91, within guidance.
United Airlines denies M&A rumor; no discussions with any airline
United is not in negotiations or discussions with any airline regarding a merger, acquisition or similar strategic transaction.
United Airlines reports record Q4 profit; adjusted EPS $3.26 beats
Q4 net income $1.0B, adjusted $1.1B; diluted EPS $2.95, adj. $3.26.
United Airlines Q3 adj. EPS $3.33 beats guidance; announces $1.5B share repurchase
Adjusted diluted EPS $3.33 vs. guidance $2.75–$3.25; revenue $14.8B, up 2.5% YoY.
United Airlines Q2 adjusted EPS $4.14 in line; reaffirms FY2024 guidance $9-$11
Q2 pre-tax earnings $1.7B (11.6% margin); adjusted pre-tax $1.8B (12.1% margin).
United Airlines prepays $1.8B term loan in full, terminates credit facility
On July 2, 2024, Mileage Plus Holdings entities prepaid $1.8B outstanding principal plus accrued interest and fees under the Term Loan Facility.
Q1 2024 net loss $124M, diluted loss per share $0.38; adjusted net loss $50M, adjusted diluted loss per share $0.15.
United Airlines Q4 adj. EPS $2.00, full-year adj. EPS $10.05; beats initial 2023 target
Q4 diluted EPS $1.81, adjusted $2.00; revenue $13.6B, up 9.9% YoY.
EVP Greg Hart to retire by Sept 30, 2024; transition agreement signed
Greg Hart, EVP & Special Advisor, announced retirement effective Sept 30, 2024 or earlier by mutual agreement.
United Q3 revenue $14.5B record, adj EPS $3.65 beats; domestic up 9% YoY
Record Q3 revenue $14.5B, up 12.5% YoY; adjusted diluted EPS $3.65.
United Airlines orders 110 new aircraft; total firm commitments $62.2B through 2033
Firm order for 50 Boeing 787-9 (delivery 2028-2031) and 60 Airbus A321neo (delivery 2028-2030).
United Airlines appoints Michael Leskinen as CFO; Laderman shifts to EVP Finance
Michael Leskinen appointed EVP & CFO effective Sept 21; Laderman becomes EVP Finance under planned transition.
Q3 2023 all-in fuel price expected $2.95-$3.05 per gallon, reflecting over 20% increase since mid-July.
United Airlines Q2 adjusted EPS $5.03 record; raises FY2023 guidance to $11-$12
GAAP EPS $3.24, adjusted EPS $5.03 (record); adjusted pre-tax margin 15.3% (record).
United Airlines Q1 net loss $194M; Q2 adj EPS target $3.50-$4.00, FY $10-$12
Net loss $194M ($0.59 loss per share); adjusted net loss $207M ($0.63 adjusted loss per share).
United Airlines cuts Q1 guidance to loss of $0.60-$1.00 EPS on pilot contract accrual, higher fuel
Now expects Q1 adjusted diluted loss per share of $0.60-$1.00, vs prior guidance of profit $0.50-$1.00.
United Q4 2022 net income $843M; pre-tax margin 9.1% ahead of 2023 target
Q4 net income $843M (adjusted $811M); revenue $12.4B (+14% vs Q4 2019); capacity down 9%.
United orders 100 firm Boeing 787s, options for 100 more; adds 100 737 MAX aircraft
Firm order for 100 Boeing 787 Dreamliners (delivery 2024-2032) plus options for 100 additional 787s, largest widebody order by a U.S. carrier.
On January 15, 2025, ALPA-MEC designated Brian Noyes to fill the vacancy on the Board resulting from Captain Worster’s departure, effective immediately.
On January 13, 2025, the Company received notice that Captain Worster was no longer the chairperson of the ALPA-MEC and, accordingly, Captain Worster resigned from the Board effective immediately.
On September 16, 2024, Linda Jojo, Executive Vice President and Chief Customer Officer of United Airlines Holdings, Inc. (the “Company”), the parent company of United Airlines, Inc., informed the Company of her intention to retire from the Company, effective January 2, 2025.
elected Michelle Freyre to serve as a member of the Board effective on April 1, 2024
Carolyn Corvi and James A. C. Kennedy each notified the Board that they would retire and resign from the Board at the end of their current terms effective as of the date of the 2024 Annual Meeting of Stockholders.
Carolyn Corvi and James A. C. Kennedy each notified the Board that they would retire and resign from the Board at the end of their current terms effective as of the date of the 2024 Annual Meeting of Stockholders.
Christopher T. Kenny informed the Company that he would step down from his position as the Controller and principal accounting officer of the Company, effective on the Effective Date.
appointed Brigitte Bokemeier, who had previously served as Assistant Controller of United, as Vice President, Controller and principal accounting officer of the Company, effective March 1, 2024
On February 28, 2024, the board of directors (the “Board”) of United Airlines Holdings, Inc. (the “Company”), upon the recommendation of the Nominating/Governance Committee, elected Rosalind Brewer to serve as a member of the Board effective immediately
the ALPA-MEC designated Captain Anne Worster to fill the vacancy resulting from Captain Thompson’s departure, effective February 27, 2024.
On December 21, 2023, Captain Thompson notified the Company that he would resign from the Board on February 29, 2024, following the conclusion of his term as the master chair of the ALPA-MEC.
On December 21, 2023, Greg Hart, Executive Vice President and Special Advisor of United Airlines, Inc. (“United”) and a named executive officer of United Airlines Holdings, Inc. (the “Company”), the parent company of United, informed United and the Company of his intention to retire in 2024.
Max materiality 0.90 · Median 0.57 · Most common event earnings