Categories AlphaGraphs, Earnings, Industrials
Infographic: United Airlines (UAL) turns to profit in Q3 on strong revenue growth
United Airlines Holdings, Inc. (NYSE: UAL) Tuesday reported a net profit for the third quarter of 2022, compared to a loss last year, reflecting the continued recovery in demand. The results also topped expectations.
The aviation giant reported net earnings of $2.81 per share for the September quarter, on an adjusted basis, compared to a loss of $1.02 per share last year. On an unadjusted basis, it was a net income of $942 million or $2.86 per share for the third quarter, compared to $473 million or $1.44 per share in the comparable period of 2021. The latest number also came in above the Street view.
Driving the bottom line growth, third-quarter operating revenues jumped 66% year-over-year to $12.88 billion. Analysts were looking for slower growth.
Check this space to read management/analysts’ comments on UAL’s Q3 results
“Despite growing concerns about an economic slowdown, the ongoing COVID recovery trends at United continue to prevail and we remain optimistic that we’ll continue to deliver strong financial results in the fourth quarter, 2023, and beyond,” said United Airlines’ CEO Scott Kirby.
Prior Performance
Will the Airline Industry Evolve or Die After the Black Swan-ish Disruption?
Is the airline industry staring at an evolutionary cycle after the Coronavirus-induced Pandemic that has no parallels in the past? What was the thought process of top airline executives as Covid-19 unfolded? Were they prepared? What lies ahead? We try to find out from the treasure trove of Earnings Transcripts & Press Releases.
Most Popular
CVX Earnings: Chevron reports lower revenue and profit for Q3 2024
Energy exploration company Chevron Corporation (NYSE: CVX) on Friday announced third-quarter 2024 financial results, reporting a decline in net profit and revenues. Net income attributable to Chevron Corporation dropped to
Key highlights from Exxon Mobil Corporation’s (XOM) Q3 2024 earnings results
Exxon Mobil Corporation (NYSE: XOM) reported its third quarter 2024 earnings results today. Total revenues and other income remained relatively flat at $90 billion compared to the same period a
AAPL Earnings: Apple Q4 2024 sales rise 6% YoY, beat estimates
Apple Inc. (NASDAQ: AAPL) reported an increase in revenues for the fourth quarter of 2024. The top line came in above estimates. The gadget giant generated revenues of $94.9 billion