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
CCL Earnings: Highlights of Carnival Corporation’s Q4 2025 results
Cruise operator Carnival Corporation & plc (NYSE: CCL) on Friday reported an increase in revenue and adjusted earnings for the fourth quarter of fiscal 2025. Earnings topped analysts' expectations. Revenues
Lamb Weston (LW) Q2 2026 Earnings: Key financials and quarterly highlights
Lamb Weston Holdings, Inc. (NYSE: LW) reported its second quarter 2026 earnings results today. Net sales inched up 1% year-over-year to $1.62 billion. Net sales at constant currency remained flat.
Paychex reports higher Q2 FY26 revenue and earnings; EPS beats estimates
Paychex Inc. (NASDAQ: PAYX) on Friday reported stronger-than-expected adjusted earnings for the second quarter of fiscal 2026. Revenues grew 18% year-over-year. The Rochester-based human capital management solutions provider reported revenues
