Categories AlphaGraphs, Earnings, Industrials

Earnings: Highlights of United Airlines’ (UAL) Q1 2023 results

United Airlines Holdings, Inc. (NYSE: UAL) Tuesday reported a net loss for the first quarter of 2023 when the aviation firm’s revenues increased sharply.

United Airlines Q1 2023 earnings infographic

The company reported a net loss of $0.63 per share for the March quarter, on an adjusted basis, compared to a loss of $4.24 per share last year. On an unadjusted basis, it was a net loss of $194 million or $0.59 per share for the first quarter, compared to a loss of $1.38 billion or $4.24 per share in the comparable period of 2022.

First-quarter operating revenues jumped 51% year-over-year to $11.4 billion. The top line benefited from continued recovery in passenger traffic.

“We are watching the macroeconomic risks carefully, but demand remains strong, especially internationally, where we are growing at twice the domestic rate. We expect all of these factors will keep us on track to achieve our full-year adjusted diluted EPS target,” said the company’s CEO Scott Kirby.

Prior Performance

  • United Airlines Q4 2022 earnings infographic
  • United Airlines Q3 2022 earnings infographic
  • United Airlines Q2 2022 Earnings Infographic
  • United Airlines Q1 2022 earnings infographic

Looking for more insights on the earnings results? Click here to access the full transcripts of the latest earnings conference calls!

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