Thread: UAL Earnings
View Single Post
Old 10-18-2022 | 12:25 PM
  #1  
UALinIAH
Line Holder
 
Joined: May 2015
Posts: 1,200
Likes: 33
From: 777 CA
Default UAL Earnings

CHICAGO, Oct. 18, 2022 /PRNewswire/ -- United Airlines (UAL) today reported third quarter 2022 financial results, beating expectations on top-line operating revenue, unit costs and adjusted operating marginš. As a result, the company achieved operating revenue growth of 13.2% versus third quarter 2019, with a 25.5% TRASM improvement in the quarter versus 2019, while CASM-ex1 (cost per available seat mile) came in better than expected, resulting in 11.3% operating margin; 11.5% operating margin on an adjusted basis1.

Looking forward through the end of the year, the airline expects the strong COVID recovery trends to continue to overcome the recessionary pressures in the macroeconomic environment. The airline now expects fourth quarter adjusted operating margin to be above 2019 for the first time. The company also remains confident in the 2023 United Next adjusted pre-tax marginš target of ~9%.
Reported third quarter 2022 net income of $942 million, adjusted net income1 of $927 million.

SK is going to need to get a bigger pie for the pilots.

https://finance.yahoo.com/news/unite...200500628.html
Reply