Originally Posted by
Aero1900
Hey Andy... United Q1 results are in... what do you think?
Frontier results are not out yet. They seem to report a good bit later than United.
United lost 1.38 Billion in Q1. Or about 15 Million loss / day.
Results are basically exactly what analyst expected.
I typed up a detailed breakdown with numbers, etc and then it all got dumped so I'll keep it short.
Not great numbers, but forward guidance looks good. Stock up over 9% today.
Pacific revenues stunk compared to 2019, down 79.8%. China needs to reopen to see full recovery on those numbers.
Europe revenues down around 50% compared to 2019 but Q2 should be considerably better
Fuel prices stunk; was a bit more than 4 cents/ASM vs 3 cents/ASM in 2019
All Polaris lounges are reopened so that tells me our international business class bookings going forward should be much better.
Unrestricted cash and cash equivalents of $18.5B so not close to bankruptcy
The grounded 777s will be returning to service which will lower CASM.
Guidance for Q2 is for United to be profitable with a 10% operating margin.