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United Stock Gains on Stronger-Than-Expected Results, Upbeat Outlook
Investopedia· 2025-01-22 11:54
KEY TAKEAWAYSUnited Airlines shares are rising in premarket trading Wednesday after the Chicago-based carrier posted better-than-estimated fourth-quarter results and gave a bullish current-quarter outlook.Premium revenue rose 10% year-over-year in the fourth quarter.United shares have nearly tripled over the past 12 months. United Airlines (UAL) shares are rising in premarket trading Wednesday after the Chicago-based carrier posted better-than-estimated fourth-quarter results and gave a bullish current-quar ...
United Airlines gains altitude as record passenger figures fuel profit
Proactiveinvestors NA· 2025-01-22 11:46
About this content About Josh Lamb After graduating from the University of Kent in the summer of 2022 with a degree in History, Josh joined Proactive later that year as a journalist in the UK editorial team. Josh has reported on a range of areas whilst at Proactive, including energy companies during a time of global crisis, aviation and airlines as the sector recovers from the pandemic, as well as covering economic, social and governance issues. Read more About the publisher Proactive financial news and ...
United Airlines (UAL) Surpasses Q4 Earnings and Revenue Estimates
ZACKS· 2025-01-21 23:16
United Airlines (UAL) came out with quarterly earnings of $3.26 per share, beating the Zacks Consensus Estimate of $3.01 per share. This compares to earnings of $2 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 8.31%. A quarter ago, it was expected that this airline would post earnings of $3.10 per share when it actually produced earnings of $3.33, delivering a surprise of 7.42%.Over the last four quarters, the company has su ...
United Airlines' first-quarter outlook outpaces estimates after profits surge to end 2024
CNBC· 2025-01-21 21:02
A United Airlines airplane proceeds to a runway at Newark Liberty International Airport in front of the skyline of lower Manhattan and One World Trade Center in New York City on December 4, 2024, in Newark, New Jersey.United Airlines forecast first-quarter earnings that surpassed analysts' estimates as the carrier seeks to grow earnings again in 2025 thanks to strong travel demand.The airline said Tuesday that it expects to earn an adjusted 75 cents to $1.25 in the first three months of the year, above the ...
United Airlines Achieves Record Fourth Quarter Profit Well Ahead Of Expectations; Reiterates Path To Double-Digit Pre-Tax Margin
Prnewswire· 2025-01-21 21:01
Q4 pre-tax margin up 3.2 points year-over-year, 3.5 points on an adjusted basis1Finished the year first in on-time departures at all seven United hubsSees robust demand in the first quarter 2025 as industry transformation is well underwayCHICAGO, Jan. 21, 2025 /PRNewswire/ -- United Airlines (UAL) today reported full-year and fourth-quarter 2024 financial results. The company had full-year pre-tax earnings of $4.2 billion, with a pre-tax margin of 7.3%; adjusted pre-tax earnings1 of $4.6 billion, with an ad ...
United(UAL) - 2024 Q4 - Annual Results
2025-01-21 20:59
Financial Performance - Q4 pre-tax margin increased by 3.2 points year-over-year, and 3.5 points on an adjusted basis[1] - Full-year pre-tax earnings of $4.2 billion with a pre-tax margin of 7.3%, and adjusted pre-tax earnings of $4.6 billion with an adjusted pre-tax margin of 8.1%[1] - Full-year diluted earnings per share of $9.45, and adjusted diluted earnings per share of $10.61[1] - Q4 total operating revenue of $14.7 billion, up 7.8% compared to Q4 2023[8] - Q4 pre-tax earnings of $1.3 billion with a pre-tax margin of 8.9%, and adjusted pre-tax earnings of $1.4 billion with an adjusted pre-tax margin of 9.7%[8] - Q4 net income of $1.0 billion, and adjusted net income of $1.1 billion[8] - Q4 diluted earnings per share of $2.95, and adjusted diluted earnings per share of $3.26[8] - Full-year operating cash flow of $9.4 billion and free cash flow of $3.4 billion[8] - United Airlines reported a 6.9% increase in passenger revenue to $13.275 billion in Q4 2024 compared to Q4 2023[38] - Total operating revenue for Q4 2024 increased by 7.8% to $14.695 billion, driven by growth in passenger, cargo, and other operating revenues[38] - Operating income for Q4 2024 surged by 50.6% to $1.503 billion, reflecting improved operational efficiency[38] - Net income for Q4 2024 rose by 64.2% to $985 million, with diluted earnings per share increasing by 63.0% to $2.95[38] - Net income (GAAP) for Q4 2024 increased to $985 million, up 64.2% from $600 million in Q4 2023[55][57] - Adjusted EBITDA (non-GAAP) for Q4 2024 rose to $2,335 million, a 33.3% increase from $1,752 million in Q4 2023[55] - Adjusted EBITDA margin (non-GAAP) for Q4 2024 improved to 15.9%, up from 12.9% in Q4 2023[55] - Operating income (GAAP) for Q4 2024 grew to $1,503 million, a 50.6% increase from $998 million in Q4 2023[57] - Adjusted operating margin (non-GAAP) for Q4 2024 increased to 10.7%, up from 7.7% in Q4 2023[57] - Adjusted net income (Non-GAAP) for Q4 2024 rose to $1,090 million, a 64.2% increase from $664 million in Q4 2023[57] - Adjusted diluted earnings per share (Non-GAAP) for Q4 2024 increased to $3.26, up 63.0% from $2.00 in Q4 2023[57] - Total assets as of December 31, 2024, grew to $74,083 million, up from $71,104 million in 2023[59] - Total stockholders' equity as of December 31, 2024, increased to $12,675 million, up from $9,324 million in 2023[59] - Net cash provided by operating activities increased to $9,445 million in 2024 from $6,911 million in 2023, a growth of 36.7%[61] - Capital expenditures decreased to $5,615 million in 2024 from $7,171 million in 2023, a reduction of 21.7%[61] - Proceeds from sale of short-term and other investments decreased to $8,661 million in 2024 from $10,519 million in 2023, a decline of 17.7%[61] - Net cash used in investing activities decreased to $2,651 million in 2024 from $6,106 million in 2023, a reduction of 56.6%[61] - Proceeds from issuance of debt and other financial liabilities increased to $6,139 million in 2024 from $2,388 million in 2023, a growth of 157.1%[61] - Total operating and nonoperating special charges and unrealized (gains) losses on investments, net of income taxes, decreased to $385 million in 2024 from $719 million in 2023, a reduction of 46.5%[63] - The company recorded $128 million of charges related to the prepayment of the MileagePlus financing agreements and refinancing of term loans in 2024[65] - The effective tax rate increased to 24.4% in 2024 from 22.7% in 2023[66] - Labor contract ratification bonuses in 2023 amounted to $814 million[64] - Nonoperating unrealized (gains) losses on investments, net, increased to $199 million in 2024 from $(27) million in 2023[63] Revenue Growth - Cargo revenue saw a significant increase of 29.6% to $521 million in Q4 2024 compared to the same period in 2023[38] - Domestic passenger revenue increased by 5.7% to $8.138 billion in Q4 2024, while international passenger revenue grew by 8.7% to $5.137 billion[40] - Europe passenger revenue increased by 9.5% to $2.092 billion in Q4 2024, with a 7.1% rise in revenue per available seat mile (PRASM)[40] - Pacific passenger revenue grew by 11.2% to $1.477 billion in Q4 2024, despite a 2.3% decline in yield[40] - Passengers increased by 6.1% to 44,344 thousand in Q4 2024 compared to 41,779 thousand in Q4 2023[41] - RPMs (Revenue Passenger Miles) grew by 6.3% to 64,463 million in Q4 2024 from 60,671 million in Q4 2023[41] - ASMs (Available Seat Miles) rose by 6.2% to 78,298 million in Q4 2024 compared to 73,727 million in Q4 2023[41] - Cargo revenue ton miles increased by 9.7% to 981 million in Q4 2024 from 894 million in Q4 2023[41] Operational Efficiency - Aircraft fuel expenses decreased by 19.3% to $2.676 billion in Q4 2024, contributing to lower operating costs[38] - Salaries and related costs increased by 12.6% to $4.325 billion in Q4 2024, reflecting higher labor expenses[38] - CASM (Cost per Available Seat Mile) decreased by 1.6% to 16.85 cents in Q4 2024 from 17.13 cents in Q4 2023[41] - CASM-ex (excluding fuel, profit sharing, etc.) increased by 5.0% to 12.89 cents in Q4 2024 from 12.28 cents in Q4 2023[53] - Average aircraft fuel price per gallon decreased by 23.3% to $2.40 in Q4 2024 from $3.13 in Q4 2023[41] - Fuel gallons consumed increased by 5.3% to 1,115 million in Q4 2024 from 1,059 million in Q4 2023[41] - Aircraft in fleet increased by 3.5% to 1,406 at the end of 2024 compared to 1,358 at the end of 2023[41] Customer and Fleet Growth - Full-year record of nearly 174 million customers carried system-wide, with an average of 4,340 daily flights[8] - United expects to serve more international destinations across the Atlantic and Pacific than all other U.S. carriers combined in 2025, with 800 daily flights to and from 147 international destinations[16] - Employee headcount grew by 3.9% to 107.3 thousand as of December 31, 2024, compared to 103.3 thousand in 2023[41] Cash Flow and Investments - Free cash flow (Non-GAAP) for Q4 2024 was $(16) million, compared to $(3,076) million in Q4 2023[55]
United Airlines Technical Signals Show Clear Skies Ahead Of Earnings
Benzinga· 2025-01-21 19:08
United Airlines Holdings Inc UAL will be reporting its fourth-quarter earnings on Tuesday. Wall Street expects $2.99 in EPS and $14.40 billion in revenues as the company reports after market hours.The stock is up 184.10% over the past year, 14.47% YTD.Let’s look at what the charts indicate for United Airlines stock and how the stock currently maps against Wall Street estimates.Read Also: Jim Cramer’s Market Outlook: Strong Earnings, Trump Inauguration, and What’s Next for InvestorsUAL Stock Chart Strongly B ...
United Steelworkers National Director Marty Warren condemns President Trump's tariffs threat on Canadian exports and jobs
GlobeNewswire News Room· 2025-01-21 18:16
Trade Tariffs Impact - President Trump's threat to impose 25% tariffs on Canada and Mexico effective February 1 will have devastating consequences for workers, industries, and communities across Canada and the United States [1] - The tariffs are based on exaggerated and false allegations of U S subsidies to the Canadian economy [2] - The tariffs will hurt key sectors such as steel, aluminum, forestry, mining, auto, and broader manufacturing and processing sectors, which are the backbone of the economy [3] Economic and Employment Consequences - Tariffs will create instability, disrupt supply chains, increase costs, and put thousands of jobs at risk [5] - Rising costs and job insecurity will undermine the standard of living of workers on both sides of the border [5] - The tariffs will impact American manufacturers, workers, and families who depend on the seamless flow of goods and materials between the countries [4] Union Response and Recommendations - The United Steelworkers union (USW) represents 850,000 workers in Canada and the United States and understands the shared struggles of workers across borders [4] - The USW calls for immediate and decisive government response, including strong countermeasures, diplomatic and trade mechanisms, and domestic mitigation measures to safeguard jobs and industries [6][7] - The USW urges governments and industry leaders to oppose the tariffs and prioritize workers' needs over political games [8] Union Background - The USW represents 225,000 members in nearly every economic sector across Canada and is the largest private-sector union in North America, with 850,000 members in Canada, the United States, and the Caribbean [9] - The USW has a strong track record in creating healthier, safer, and more respectful workplaces and negotiating better working conditions and fairer compensation [10]
Can United Airlines (UAL) Stock Fly Higher as Q4 Earnings Approach?
ZACKS· 2025-01-20 21:40
Regarding airline stocks, United Airlines (UAL) is among the crème of the crop thanks to its strong operational and financial performance.To that point, UAL shares have soared over +170% in the last year to impressively top Delta Air Lines (DAL) +78%, with American Airlines (AAL) and Southwest Airlines (LUV) sitting on gains of +34% and +6%, respectively.That said, investors are surely wondering if United’s stock can fly higher as its Q4 earnings approach after-market hours on Tuesday, January 21.Image ...
The Schall Law Firm Invites Investors With Losses To Join An Inquiry Into United Airlines Holdings, Inc. For Securities Law Violations
ACCESSWIRE Newsroom· 2025-01-17 16:45
The Schall Law Firm Invites Investors With Losses To Join An Inquiry Into United Airlines Holdings, Inc. For Securities Law Violations ...