FlyerTalk Forums - View Single Post - UA Announces Q2 2022 Financial Results 20 July / Conference Call 21 July
Old Jul 21, 2022, 6:48 am
  #8  
EWR764
 
Join Date: Jan 2005
Location: New York, NY
Programs: UA, AA, DL, Hertz, Avis, National, Hyatt, Hilton, SPG, Marriott
Posts: 9,424
The top line numbers look good, but in context it was a somewhat disappointing quarter for UA. It’s becoming clear the ambitious growth plans discussed in the last few quarters will ultimately prove to be mostly vapor. Near-term projections continue a steady drumbeat of pullback on those aggressive targets. In the meantime, costs continue to rise and a looming recession casts doubt on forecast of the revenue environment.

It’s also notable that UA and the pilots went back to the drawing board on the new contract, as it was becoming clear the TA was going to fail. Kirby REALLY wanted to discuss a pilot deal in this earnings call and it’s not happening as currently conceived.

I appreciate the unbridled optimism of the United team, but it’s going to be tough for them to deliver on their stated objectives. The only solution will be moving goalposts…
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