United Airlines reported higher quarterly profits Wednesday but announced it would trim US capacity later this year as the industry contends with a seat glut that has pressured fares.
Although the revenue and EPS for United (UAL) give a sense of how its business performed in the quarter ended June 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
United Airlines (UAL) came out with quarterly earnings of $4.14 per share, beating the Zacks Consensus Estimate of $3.97 per share. This compares to earnings of $5.03 per share a year ago.
Shares of United Airlines Holdings Inc. dropped more than 3% in the extended session Wednesday after the airline reported a mixed second quarter and guided for lower-than-expected profit in the current quarter.
United Airlines grew its second-quarter profit thanks to strong travel demand, especially international markets. United and Delta have been standouts in an airline industry awash in U.S. domestic capacity.
United Airlines Holdings Inc (NASDAQ:UAL) will report third-quarter earnings after the close tomorrow, July 17.
United Airlines flight attendants will vote whether to authorize a strike if agreement on a new employment contract cannot be reached, their union said on Tuesday.
United Airlines (NASDAQ: UAL) will report its Q2 2024 results on Wednesday, July 17. We expect the company's revenues to come in at $15.2 billion and earnings to be $3.99 per share, aligning with the consensus estimates.
Besides Wall Street's top -and-bottom-line estimates for United (UAL), review projections for some of its key metrics to gain a deeper understanding of how the company might have fared during the quarter ended June 2024.
United Airlines' (UAL) passenger revenues are likely to have been high in the second quarter of 2024. However, high costs are likely to have hurt the bottom line.
United (UAL) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.