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.

United Airlines Q3 2022 earnings infographic

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

  • United Airlines Q2 2022 Earnings Infographic
  • United Airlines Q1 2022 earnings infographic
  • United Airlines Q4 2021earnings infographic

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.

Check out our analysis

Most Popular

United Parcel Service (UPS) seems on track to regain lost strength

Cargo giant United Parcel Service, Inc. (NYSE: UPS) ended fiscal 2023 on a weak note, reporting lower revenues and profit for the fourth quarter. The company experienced a slowdown post-pandemic

IPO Alert: What to look for when Boundless Bio goes public

Boundless Bio is preparing to debut on the Nasdaq stock market this week, and become the latest addition to the list of biotech firms that have launched IPOs this year.

Nike (NKE) bets on innovation and partnerships to return to high growth

Sneaker giant Nike, Inc. (NYSE: NKE) has been going through a rough patch for some time, with sales coming under pressure from weak demand and rising competition. Post-pandemic, the company

Add Comment
Loading...
Cancel
Viewing Highlight
Loading...
Highlight
Close
Top