UAL Earnings
10-18-2022 | 12:25 PM
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From: 777 CA
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 marginą. 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 marginą 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
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 marginą 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
10-18-2022 | 06:31 PM
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The first time after October 1, 2020 that the Company reports a pre-tax margin that meets or exceeds five percent (5%)
over any twelve (12) month period that consists of four (4) consecutive full financial quarters, the hourly rates for Captain
and First Officers shall be the increased by five percent (5%).
Doesn't this mean that United has to have 4 consecutive quarters at a 5% margin or better? We did not meet that theshold last quarter.
I can't quite comprehend this. It's like reading Greek. Is this quarter the first time we've hit the 5% margin since October 2020? IF so, when do we see the raise?
over any twelve (12) month period that consists of four (4) consecutive full financial quarters, the hourly rates for Captain
and First Officers shall be the increased by five percent (5%).
Doesn't this mean that United has to have 4 consecutive quarters at a 5% margin or better? We did not meet that theshold last quarter.
I can't quite comprehend this. It's like reading Greek. Is this quarter the first time we've hit the 5% margin since October 2020? IF so, when do we see the raise?
My guess is another two quarters. The 12 month look back at the moment still puts us at -3% due to the large loss in Q1 22. Until Q1 22 is no longer in the calculation, it’s unlikely we’ll reach the 5%, unless Q4 is a huge blowout.
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