United Airlines (NYSE: UAL) reported Q4 EPS of $2.54, $0.02 worse than the analyst estimate of $2.56. Operating revenue was $9.04 billion, versus $9.06 billion expected.

Fleet Updates

Today, UAL announced it would take delivery of 40 new Boeing 737-700 aircraft, which will enter the fleet beginning in mid-2017. These aircraft will replace a portion of the capacity currently operated by the company's regional partners, as the company expects to reduce by more than half the number of 50-seat aircraft in its fleet by 2019.