Key Takeaways The S&P 500 added 0.5% on Wednesday, Oct. 16, 2024, driven by upbeat earnings reports and a rebound among semiconductor stocks. United Airlines shares took off after the company topped quarterly estimates and announced a $1.5 billion share buyback plan. Shares of KLA and Applied Materials extended losses following a disappointing outlook from semiconductor equipment peer ASML. Major U.S. indexes gained ground Wednesday as investors reacted to strong earnings reports and semiconductor stocks bo ...

Key Takeaways United Airlines was the best-performing stock in the S&P 500 on Wednesday, gaining 12% and trading at its highest level since February 2020, when the spread of Covid-19 first began to rattle travel stocks. United executives said the U.S. airline industry had reached an "inflection point," and forecast yields and margins would improve next year. Business travel, executives said, has continued to recover from its pandemic slump, helping to push U.S. airport traffic to record highs. United Airlin ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to | --- | --- | --- | --- | --- | --- | --- | |--------------------------------------|-------------------------------------------------------------------- ...

United Airlines Holdings, Inc. (UAL) reported third-quarter 2024 earnings per share (EPS) (excluding 43 cents from non-recurring items) of $3.33, which surpassed the Zacks Consensus Estimate of $3.10. Earnings decreased 8.8% on a year-over-year basis. Find the latest EPS estimates and surprises on ZacksEarnings Calendar. Operating revenues of $14.84 billion beat the Zacks Consensus Estimate of $14.76 billion. The top line increased 2.5% year over year due to upbeat air-travel demand. This was driven by a 1. ...

Financial Data and Key Metrics Changes - United Airlines reported a top line revenue growth of 2.5% year-over-year to $14.8 billion with a capacity increase of 4.1% compared to Q3 2023 [11] - The pretax margin for the third quarter was 9.7%, with earnings per share of $3.33, exceeding the high end of guidance [16] - CASM excluding fuel costs increased by 6.5% on a capacity growth of 4.1% year-over-year [16] Business Line Data and Key Metrics Changes - MileagePlus revenue increased by 11%, with active membership up 13% year-over-year [14] - Basic economy volumes rose by 21% year-over-year, contributing to a significant portion of domestic passenger volumes [14][33] - RASM in premium cabins was up 2% in Q3, outperforming main cabin RASM across all entities [13] Market Data and Key Metrics Changes - Domestic PRASM showed slight positive growth in August and September year-over-year, indicating a recovery from earlier declines [11] - Corporate demand accelerated in September, with contracted corporate revenues up 13% and reaching 95% of 2019 levels [13] - The Asia Pacific market faced challenges, with RASM impacted by headwinds from China and the South Pacific [12] Company Strategy and Development Direction - The company is focused on expanding connectivity in its Mid-Con hubs and enhancing customer experience through continued investments [20] - A $1.5 billion share repurchase program has been approved to return value to shareholders while maintaining a balance sheet strength [6][18] - The United Next plan aims to solidify the company's leadership position in the industry through product innovation and customer engagement [5][6] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the long-term growth prospects, anticipating a structural shift in profitability across the industry [22] - The company expects to see an inflection point in RASM growth compared to CASM in 2025, driven by improved operational efficiency and market conditions [39] - Management highlighted the importance of corporate traffic recovery, particularly in Q1, as a key driver for future revenue growth [20] Other Important Information - The company has made significant investments in technology, including a $10 billion investment in its workforce over the past four years [5] - The company is experiencing a cultural shift at Boeing, which may impact aircraft delivery timelines and future capacity planning [29][30] Q&A Session Summary Question: How does United plan to capitalize on the evolving industry backdrop in 2025? - United will focus on building connectivity in Mid-Con hubs and investing in customer experience to gain market share, particularly in corporate traffic [20] Question: Can you update on the forecast for double-digit pretax margins by 2026? - Management anticipates a meaningful expansion of margins in the next three years, similar to the 2012-2014 period [22] Question: What is the rationale behind the international expansion strategy? - United aims to leverage its global gateways to explore new profitable destinations while maintaining a focus on financial viability [24][25] Question: How will the Boeing strike impact supply and demand? - The strike may lead to a structural shift in global capacity, creating a favorable environment for long-haul networks [29] Question: What are the implications of the Boeing strike on CapEx? - There is an expected downward bias in CapEx due to production delays, but the company remains committed to its aircraft orders [30][44] Question: What is the outlook for RASM in Q4? - The company expects RASM to improve in Q4, driven by better pricing and a rebound in business traffic [40]

A solid beat and raise was accompanied by a buyback announcement. Shares of major airline United Airlines (UAL 13.24%) rallied 13.2% on Wednesday as of 2 p.m. ET. United reported third-quarter earnings last night. Not only did those earnings surprise to the upside, but management also made news by announcing the company's first buyback plan since before the pandemic. Kissing COVID goodbye In the third quarter, United delivered $14.8 billion in revenue, up 2.5% from the past year, with non-GAAP (adjusted) ea ...

United Airlines Holdings Inc (NASDAQ:UAL) stock is trading at more than four-year highs after earnings, up 7.4% at $68.77 at last check. The airline giant beat third-quarter earnings and revenue estimates, and announced a $1.5 billion stock buyback program -- its first since pre-pandemic trading. Unsurprisingly, options traders are all over UAL after the results. Already today, more than 72,000 calls and 52,000 puts have been traded, which is 13 times the average intraday volume. The October 72 call is seei ...

Passengers check in for United Airlines flights at O'Hare International Airport in January. (Photo ... [+] by Scott Olson) Getty Images United Airlines, which beat Wall Street estimates due to strong demand, announced a $1.5 billion stock buyback plan, underscoring a seeming return to an investor focus that had diminished in the pandemic. The move brought cheers from an analyst and condemnation from Sara Nelson, president of the Association of Flight Attendants, who drew a comparison with a hedge fund's bid ...

KEY TAKEAWAYS United Airlines unveiled plans for a $1.5 billion share buyback, its first since the pandemic, as the carrier also reported quarterly results that beat analysts' estimates. United reported third-quarter adjusted EPS of $3.33, ahead of its own guidance and those of analysts polled by Visible Alpha. It also projected adjusted EPS of $2.50 to $3.00 a share in the fourth quarter and said "unproductive capacity" had left the market. United Airlines (UAL) unveiled plans for a $1.5 billion share buyb ...

Tuesday, October 15th, 2024 It was a trading day that flushed out some of the extreme positivity following Monday's close with the Dow and S&P 500 at new all-time highs. An unwinding of Chinese stock valuations as questions remain about fiscal stimulus plans going forward — JD (JD) sank -9% and Alibaba (BABA) was down -5.5% — met up with a notable drop in spot oil prices — ExxonMobil (XOM) -3%, Chevron (CVX) -2.7%. Overall, markets were down today: the Dow slipped -324 points, -0.75%, and the S&P was down - ...