Here’s what United had to say: Second quarter That compares with Wall Street expectations, based on an average forecast compiled by LSEG.
- Earnings per share: Adjusted earnings: $4.14 (expected: $3.93)
- Revenue: $14.99 $15.06 billion (estimated)
United Airlines earned $1.32 billion, or $3.96 a share, for the three months ended June 30, up from $1.08 billion, or $3.24 a share, in the same period a year ago. Adjusting for one-time items, United earned $4.14 a share, beating analysts’ expectations of $3.93.
Revenue was $14.99 billion, up 5.7% from a year ago but slightly below expectations.
United Airlines reiterated its full-year guidance for adjusted earnings of $9 to $11 per share.
United and Delta Airlinesthis too It was a shame Airlines that have issued third-quarter guidance remain standouts in the industry, with most struggling to ramp up domestic U.S. capacity that is putting pressure on airfares. Despite record demand.
Both airlines are adding international routes in response to increased demand after the pandemic and are offering premium services such as larger lounges and larger seats. Capitalize Travelers who are willing to pay more for their flights.
United Airlines said Wednesday that premium revenue is up more than 8% from last year and that sales of its most restrictive basic economy tickets increased 38% as it caters to both ends of the market.
United grew its domestic fleet by more than 5% in the second quarter compared to the same period a year ago, but unit revenues fell by more than 1% compared to the same period a year ago. Revenues from flights to and from Europe, which account for a smaller portion of United’s revenues, rose by more than 5% compared to the second quarter of 2023.
United Airlines CEO Scott Kirby said airlines are cutting schedules and will see a tipping point in mid-August to ease capacity.
“Looking forward, we expect our unit revenue to be the highest among major airlines in the second half of the third quarter as multiple airlines begin to cancel loss-making capacity,” he said.
on tuesday, Spirit Airlines The company lowered its second-quarter earnings forecast, citing lower-than-expected revenue from fees for seats, baggage and other items. Southwest Airlines and American AirlinesThe results will be announced on July 25th. Previously reduced their Second Quarter Forecast.
