Categories AlphaGraphs, Earnings, Industrials

UAL Earnings: United Airlines Q1 loss narrows on higher revenues; results beat

United Airlines Holdings, Inc. (NYSE: UAL) reported a narrower net loss for the first quarter of 2024, on an adjusted basis. The bottom line benefitted from an increase in revenues.

United Airlines Q1 2024 earnings infographic

The company reported an adjusted loss per share of $0.15 per share for the March quarter, compared to a loss of $0.63 per share last year. On an unadjusted basis, net loss was $124 million or $0.38 per share in Q1, vs. a loss of $194 million or $0.59 per share in the year-ago quarter.

First-quarter operating revenues increased 9.7% year-over-year to $12.54 billion from $11.43 billion in the comparable period of 2023. Both revenues and the bottom line beat analysts’ estimates.

“We’ve adjusted our fleet plan to better reflect the reality of what the manufacturers are able to deliver. And, we’ll use those planes to capitalize on an opportunity that only United has: profitably grow our mid-continent hubs and expand our highly profitable international network from our best in the industry coastal hubs,” said the company’s CEO Scott Kirby.

Prior Performance

  • United Airlines Q4 2023 earnings infographic

Listen to the conference calls as they happen. Don't miss a beat! With AlphaStreet Intelligence, you can listen to live calls and interviews as they happen, so you never have to worry about missing out on important information.

Most Popular

Earnings Preview: What to look for when Shopify reports Q3 results

Shopify Inc. (NYSE: SHOP) delivered an impressive financial performance in the first half of fiscal 2024, navigating a mixed consumer spending environment. The e-commerce firm looks poised to maintain the

Beyond Meat (BYND): A few points to note on the plant-based meat company’s 3Q24 performance

Shares of Beyond Meat, Inc. (NASDAQ: BYND) were down over 2% on Friday. The stock has dropped 11% over the past three months. The company reported its third quarter 2024

DBX Earnings: A snapshot of Dropbox’s Q3 2024 results

Dropbox, Inc. (NASDAQ: DBX) reported an increase in adjusted earnings for the third quarter of 2024. Revenues rose modestly during the quarter. The company, a leading cloud-based document management platform,

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