United Airlines

United Airlines – Continues to Expect Q2 2024 Adjusted Diluted Earnings per Share to Be Between $3.75 and $4.25

United Airlines Announces First-Quarter 2024 Financial Results; Exceeds Revenue and EPS Expectations PR Newswire CHICAGO, April 16, 2024 First-quarter diluted loss per share of $0.38; first-quarter adjusted diluted loss per share(1) of $0.15 – ahead of expectations Updates fleet plan – allowing for a more consistent delivery schedule of approximately 100 narrowbody aircraft yearly 2025 through 2027 Achieved second-best first quarter on-time departure performance(2) in the company’s history CHICAGO, April 16, 2024 /PRNewswire/ — United Airlines (UAL) today reported first-quarter 2024 financial results. The company had a pre-tax loss of $164 million, a $92 million improvement over the same quarter last year; adjusted pre-tax loss(1) of $79 million, a $187 million improvement on an adjusted basis over the same quarter last year. These earnings reflect the approximately $200 million impact from the Boeing 737 MAX 9 grounding, without which the company would have reported a quarterly profit. In the quarter,

United Airlines Holdings (NASDAQ:UAL) reported quarterly losses of $(0.15) per share which beat the analyst consensus estimate of $(0.57) by 73.68 percent. The company reported quarterly sales of $12.539 billion which beat the analyst consensus estimate of $12.450 billion by 0.72 percent. This is a 9.71 percent increase over sales of $11.429 billion the same period last year.

Leading airline company United Airlines Holdings Inc (NASDAQ:UAL) will report first-quarter financial results after market close Tuesday, April 16. Earnings Estimates: Analysts expect United Airlines to report first-quarter revenue of $12.45 billion. The company reported revenue of $11.429 billion in last year’s first quarter. United Airlines has beaten Street estimates for revenue in six straight quarters. Analysts expect the airline company to report a loss of 56 cents per share for the first quarter, compared to a loss of 63 cents per share in the year-ago period. The company has beaten earnings per share estimates from analysts in six straight quarters.

United Airlines Holdings (NASDAQ:UAL) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 02/13/2024 17.15% Redburn Atlantic → $50 Downgrades Buy → Neutral 02/09/2024 52.3% Evercore ISI Group $58 → $65 Upgrades In-Line → Outperform 01/10/2024 40.58% Susquehanna → $60 Upgrades Neutral → Positive 01/09/2024 31.21% B of A Securities $40 → $56 Upgrades Underperform → Buy 12/20/2023 52.3% Raymond James $68 → $65 Maintains Outperform 10/19/2023 129.62% JP Morgan $93 → $98 Maintains Overweight 10/19/2023 59.33% Raymond James $70 → $68 Maintains Outperform 10/19/2023 -6.28% Susquehanna $44 → $40 Maintains Neutral 10/19/2023 66.35% Citigroup $76 → $71 Maintains Buy 10/11/2023 3.09% Susquehanna $57 → $44 Maintains Neutral 10/05/2023 64.01% Raymond James $76 → $70 Maintains Outperform 10/02/2023 75.73% Morgan Stanley $80 → $75 Maintains Overweight 09/29/2023 12.46% Jefferies $65 → $48 Maintains Hold 09/26/2023 59.33% Bernstein $71 → $68 Maintains Outperform 08/28/2023

United Airlines Received Final Approval From FAA To Complete The Process To Return Our Fleet Of 79 Boeing 737 Max 9 Aircraft To Service; Said Preparing Max 9 Aircraft To Return To Scheduled Service Beginning On Sunday.

United Airlines’ (UAL) unit revenue guidance of flat for Q1 will likely continue its unit revenue outperformance compared with the industry, BofA Securities said in a note to clients on Monday. The firm said United’s outlook is better than its own forecast and the consensus of about minus 2% and also better than Delta Air Lines’ (DAL) guidance of flat to minus 3%. United’s guidance assumes that the Boeing (BA) 737 Max 9 will be grounded through Jan. 31. BofA also said that United’s Q4 EPS of $2 “nicely beat” the firm’s forecast of $1.58 and the Street’s $1.65. BofA maintained United’s buy rating and $56 price objective.

BofA Securities analyst Andrew G. Didora reiterated a Buy rating on United Airlines Holdings, Inc. (NASDAQ:UAL), with a price objective of $56. United Airlines reported fourth-quarter earnings per share of $2.00, versus a $1.70 estimate, and revenue of $13.60 billion, versus $13.54 billion. The first quarter of 2024 unit revenue outlook of flat (or slightly down ex an accounting change) is better than expectations of down around -2% and is better than Delta Air Lines, Inc.’s (NYSE:DAL) flat to -3% outlook, the analyst notes. Per Didora, this likely continues the company’s unit revenue outperformance vs the industry despite what will be greater than industry capacity growth even after adjusting for Boeing Company‘s (NYSE:BA) 737 MAX 9 grounding. Per the analyst, management needs to give investors some confidence in the building blocks to the $9-$11 in 2024 EPS. An accounting change that shifted certain commission costs from a contra-revenue to a distribution cost increased 4Q23 unit

CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows: Our 12-month target of $46, down $1, is 4.3x our 2025 EPS view (starting at $10.69; 2024’s cut to $9.08), below UAL’s 2018-2019 historical forward average of 8.4x. We think a discount is merited due to UAL having to ground its 737 MAX 9 aircraft, reducing its total capacity by 8% and causing unit costs to rise. Q4 EPS of $2.00 vs. $2.46 beat consensus by $0.30. Q4 passenger revenues grew 9% Y/Y due to its int’l segment (+18%), while capacity increased 15% Y/Y. For 2024, we believe that UAL could face headwinds with rising unit costs (aside from the 737 MAX 9 groundings) due to new labor agreements, while delays in new aircraft deliveries are hindering UAL from retiring older aircraft and causing maintenance costs to

The following is a summary of the United Airlines Holdings, Inc. (UAL) Q4 2023 Earnings Call Transcript: Financial Performance: United Airlines’ q4 total revenue increased by 9.9% due to a 14.7% increase in capacity. Pretax income of $4.3 billion in 2023, an improvement of over $3.2 billion compared to 2022. Earnings per share for the year were reported at $10.05, within the initial guidance range and ahead of consensus expectations. The fourth quarter of the fiscal year saw a pretax income of $845 million and earnings per share of $2, which was above the guided range. The reported CASM-ex (cost-per-available-seat-mile) for the fourth quarter increased by 4.9%. The company maintained their net debt to EBITDAR ratio within its target of less than 3 times. However, United Airlines anticipates a loss per share between $0.35 and $0.85 for the first quarter of 2024. Business Progress: Strides made in both domestic and

United Airlines Holdings Inc (NASDAQ:UAL), will be reporting its fourth-quarter earnings on Monday, Jan. 22. Wall Street is expecting the company to report $1.70 in EPS and $13.53 billion in revenues, as it reports after market hours. The company is a major airline known for its extensive domestic and international flight network. As one of the largest airlines globally, United is recognized for its widespread route coverage, modern fleet, and its frequent flyer program called MileagePlus. United Airlines’ stock is down over 19% over the past year. Business & Fundamentals: United Airlines stands out for its strategic resilience and adaptability in the challenging airline industry. While the low-cost sector faces headwinds, United’s unique approach during the pandemic could potentially position it for future growth. Unlike competitors who retired aircraft, United maintained its fleet and staff, anticipating a swift demand rebound. This strategy paid off in 2022 when international demand surged, boosting the

CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows: Our 12-month target of $47, up $6, is 5.1x our 2024 EPS estimate (remains at $9.13; 2023 remains at $9.87), below UAL’s 2018-2019 historical forward average of 8.4x. We believe a discount is merited due to the recent events regarding the Boeing 737 Max-9 aircraft, as the Federal Aviation Administration (FAA) grounded 171 737 Max-9 planes due to increased quality control concerns that arose after a panel blew off an Alaska Air Group (ALK 37 ***) operated flight last Friday. The 737 Max-9 series aircraft currently accounts for roughly, by our estimation, 6% of UAL’s current fleet. In addition, UAL currently has almost 50% of its expected aircraft order book tied to the 737 Max series; however, we believe that the lion’s share of its 737 Max