United Airlines Reports Second-Quarter 2019 Performance & Earnings Call 17 July 2019
United Airlines Reports Second-Quarter 2019 Performance
United Airlines Achieves Highest Second-Quarter Pre-Tax Income In Company History Company also achieves record second-quarter diluted EPS of $4.02; adjusted diluted EPS[1] of $4.21 CHICAGO, July 16, 2019 / United Airlines (UAL) today announced that the continued successful implementation of its strategy led to the company delivering two straight quarters of solid pre-tax margin growth - three quarters on an adjusted basis1 - and the highest second-quarter pre-tax income in the airline's history.2 "Thanks to the outstanding and sustained efforts of 95,000 United team members, United is now consistently delivering results for our customers as well as investors as we raise the mid-point of our full-year 2019 adjusted diluted EPS3 guidance with a new range of $10.50 to $12.00," said Oscar Munoz, CEO of United Airlines. "By once again delivering strong EPS over the last three months, top-tier results are now the expectation, not the exception for United."
2 Airline history defined as post-2010 merger. 3Excludes special charges and the mark-to-market impact of financial instruments, the nature of which are not determined at this time, and imputed interest on certain finance leases. Accordingly, UAL is not providing earnings guidance on a GAAP basis.For more information on UAL's third-quarter and full-year 2019 guidance, please visit ir.united.com for the company's investor update. Second-Quarter 2019 Highlights Customer Experience
Links Q2 presentation link Q2 call transcript link Q2 webcast recording link... mp3 Quarterly 10-K Investor Update -- 16 July 2019 UA Announces Q1 2019 Financial Results 16 April / Conference Call 17 April United Airlines Reports Second-Quarter 2018 Performance & Earnings Call 18 July 2018 |
United Airlines to Hold Live Webcast of Second-Quarter 2019 Financial Results July 01, 2019 CHICAGO, July 1, 2019 /PRNewswire/ -- United Airlines will hold a conference call to discuss second-quarter 2019 financial results on Wednesday, July 17, at 9:30 a.m. CT/10:30 a.m. ET. A live, listen-only webcast of the conference call will be available at ir.united.com. The company will issue its second-quarter financial results and third-quarter investor update after market close on Tuesday, July 16. The webcast will be available for replay within 24 hours of the conference call and then archived on the website for three months. |
United Airlines Achieves Highest Second-Quarter Pre-Tax Income In Company History
https://hub.united.com/united-airlin...639211870.htmlUnited Airlines Achieves Highest Second-Quarter Pre-Tax Income In Company HistoryJuly 16, 2019CHICAGO, July 16, 2019 /PRNewswire/ -- United Airlines (UAL) today announced that the continued successful implementation of its strategy led to the company delivering two straight quarters of solid pre-tax margin growth - three quarters on an adjusted basis1 - and the highest second-quarter pre-tax income in the airline's history.2"Thanks to the outstanding and sustained efforts of 95,000 United team members, United is now consistently delivering results for our customers as well as investors as we raise the mid-point of our full-year 2019 adjusted diluted EPS3 guidance with a new range of $10.50 to $12.00," said Oscar Munoz, CEO of United Airlines. "By once again delivering strong EPS over the last three months, top-tier results are now the expectation, not the exception for United."
1 Excludes special charges, the mark-to-market impact of financial instruments and imputed interest on certain finance leases. Reconciliations of non-GAAP financial measures to the most directly comparable GAAP measures are included in the tables accompanying this release.2 Airline history defined as post-2010 merger. 3Excludes special charges and the mark-to-market impact of financial instruments, the nature of which are not determined at this time, and imputed interest on certain finance leases. Accordingly, UAL is not providing earnings guidance on a GAAP basis. Customer Experience
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Is there a link on FT about UA's acquisition of these 737-700s?
(Not to turn this into another 737MAX thread, but I guess this is related to that.) ETA: based on my quick Googling, it appears this new news. |
Originally Posted by pseudoswede
(Post 31310814)
Is there a link on FT about UA's acquisition of these 737-700s?
(Not to turn this into another 737MAX thread, but I guess this is related to that.) ETA: based on my quick Googling, it appears this new news. B737MAX [Grounded as of 13 March 2019] |
Wow - exceeded expectations on Revenue and Profit - FT often seems aghast at UA but whatever they are doing seems to be working
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Originally Posted by HNLbasedFlyer
(Post 31311220)
Wow - exceeded expectations on Revenue and Profit - FT often seems aghast at UA but whatever they are doing seems to be working
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So it seems all the unhappy 1K's who always threaten to move their business to Delta and Alaska on here were just blowing smoke. :D
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Originally Posted by seat38a
(Post 31311368)
So it seems all the unhappy 1K's who always threaten to move their business to Delta and Alaska on here were just blowing smoke. :D
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Originally Posted by HNLbasedFlyer
(Post 31311220)
Wow - exceeded expectations on Revenue and Profit - FT often seems aghast at UA but whatever they are doing seems to be working
Operating Revenue/Income/Margin: DL: 12.53B/2.12B/16.9% UA: 11.4B/1.47B/12.9% PRASM DL: 15.84 c/mi +2.9%; UA: 14.32 c/mi +2.5% Given how UA's network is strong is exactly the places which are doing really well right now (especially SFO, but also DC and EWR) and constrained capacity, not surprised. I think at this point its DAL > UAL > AAL in both financial results and in quality of service and product. My guess is that as the airline that is most directly competing with AA, UAL is picking up some traffic as Parker pulls a Smisik at American, with UAL is running - operationally at least - a much better airline. |
Originally Posted by seat38a
(Post 31311368)
So it seems all the unhappy 1K's who always threaten to move their business to Delta and Alaska on here were just blowing smoke. :D
You didn’t mention American Airlines, an airline worse than UA by so many measures and which has been driving customers toward UA, Delta and even little ole Alaska. |
Originally Posted by seat38a
(Post 31311368)
So it seems all the unhappy 1K's who always threaten to move their business to Delta and Alaska on here were just blowing smoke. :D
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Ironically, these results will likely lead to further cuts to the quality of the product and further MP devaluations.
Originally Posted by seat38a
(Post 31311368)
So it seems all the unhappy 1K's who always threaten to move their business to Delta and Alaska on here were just blowing smoke. :D
DL's results are even better. Follow the AS forum, you'll find plenty of UA refugees. I have 82k EQM on AS so far this year, 79k UA. Four CX TPAC RTs in J; 7 unused GPU.
Originally Posted by AirbusFan2B
(Post 31311446)
UA arguably has the best hubs and seemingly keeps steering more traffic to the most lucrative ones: EWR, ORD, SFO. |
Originally Posted by Kacee
(Post 31311489)
Ironically, these results will likely lead to further cuts to the quality of the product and further MP devaluations.
Huh? DEN is reported to be UA's most profitable hub. ORD is a black hole. |
Originally Posted by AirbusFan2B
(Post 31311502)
It’s about total profitability, not marginal (except for short-term growth.) So due to ORD’s immense size for UA, more impactful than DEN. 3X daily LHR B767 etc flights out of ORD generate a heck of a lot more bank than seasonal DEN small flights into ski country. |
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