CHICAGO, Jan. 23, 2018 /PRNewswire/ -- United Airlines (UAL) today announced its fourth-quarter and full-year 2017 financial results.

UAL reported fourth-quarter net income of $580 million, diluted earnings per share of $1.99, pre-tax earnings of $600 million and pre-tax margin of 6.4 percent. Excluding special charges and income tax adjustments, UAL reported fourth-quarter net income of $408 million, diluted earnings per share of $1.40, pre-tax earnings of $631 million and pre-tax margin of 6.7 percent.
UAL reported full-year net income of $2.1 billion, diluted earnings per share of $7.02, pre-tax earnings of $3.0 billion and pre-tax margin of 7.9 percent. Excluding special charges and income tax adjustments, UAL reported full-year net income of $2.1 billion, diluted earnings per share of $6.76, pre-tax earnings of $3.2 billion and pre-tax margin of 8.4 percent.
UAL repurchased $553 million of its common shares in the fourth quarter, bringing the full-year share repurchases to $1.8 billion and completing the company's July 2016 $2 billion share repurchase program. The company's board of directors authorized a new $3 billion share repurchase program in December.
During 2017, United consistently notched operational bests in on-time arrivals and completions while seeing the fewest cancellations and the best baggage performance in company history.
Employees earned $349 million in profit sharing for 2017.

Ok, so how does that translate into our PS check

 

$628 million in PS for 2016
vs.
$349 million in PS for 2017

 

Well crap. After taxes, I'll barely be able to afford a brand new Nissan Versa.

 

The earnings call is happening as I type this. The stock moved up when UAL reported 4th quarter results and then tanked right when Scott Kirby laid out a (realitivly) aggressive 3 year growth plan. 4 to 6% ASM growth annually for each year 2018-2020.

Hang on folks.

 

I was going for a 13 year-old Altima, so I think I’ll be alright.

 

Im not sure why wall street would tank the stock over a growth announcement its the same thing he said back in OCT. Why are they surprised? his number hasn't gone up its the same 4-6% he stated 3 months ago.

 

They lowered guidance for 2018 due to a higher estimate of fuel costs.

 

Think of all the fuel we will save due to not having enough pilots to fly the schedule.

 

really need a like button.

 

Post of the day! This place needs more cynicism to elevate its entertainment value. Thank you.