Categories AlphaGraphs, Earnings, Industrials
UAL Earnings: United Airlines Q4 adj. profit declines; revenue up 10%
United Airlines Holdings, Inc. (NYSE: UAL) has reported a sharp decrease in earnings for the fourth quarter of 2023. Meanwhile, the airline company’s revenues increased during the three months.
The company reported a net income of $2.00 per share for the December quarter, on an adjusted basis, compared to $2.46 per share last year. On an unadjusted basis, net income decreased to $600 million or $1.81 per share in Q4 from $843 million or $2.55 per share in the year-ago quarter.
Fourth-quarter operating revenues increased 10% year-over-year to $13.63 billion vs. $12.40 billion in the comparable period of 2022.
“Looking ahead, we expect these trends to continue and United is incredibly well positioned to capitalize on them and to deliver on our short and long-term financial targets,” said the company’s CEO Scott Kirby.
Prior Performance
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
CL Earnings: Key quarterly highlights from Colgate-Palmolive’s Q2 2024 financial results
Colgate-Palmolive Company (NYSE: CL) reported its second quarter 2024 earnings results today. Net sales increased 4.9% year-over-year to $5 billion. Organic sales increased 9%. Net income attributable to Colgate-Palmolive Company was $731
Key takeaways from Visa’s Q3 2024 earnings report
Credit card behemoth Visa, Inc. (NYSE: V) this week reported mixed results for the June quarter, with earnings matching expectations and sales slightly missing the view. Both numbers grew in
Southwest Airlines (LUV): A look at the airline’s performance in Q2 2024
Shares of Southwest Airlines Co. (NYSE: LUV) were up over 6% on Thursday after the company beat earnings estimates for the second quarter of 2024. The stock has gained 4%