United Airlines Holdings, Inc. (NASDAQ:UAL ) Q2 2024 Results Conference Call July 18, 2024 10:30 AM ET Company Participants Kristina Edwards - Managing Director, Investor Relations Scott Kirby - Chief Executive Officer Brett Hart - President Andrew Nocella - Executive Vice President, Chief Commercial Officer Mike Leskinen - Executive Vice President, Chief Financial Officer Conference Call Participants Jamie Baker - JPMorgan Andrew Didora - Bank of America Conor Cunningham - Melius Research Michael Linenberg - Deutsche Bank Scott Group - Wolfe Research Duane Pfennigwerth - Evercore ISI Sheila Kahyaoglu - Jefferies Brandon Oglenski - Barclays Savi Syth - Raymond James Ravi Shanker - Morgan Stanley Tom Fitzgerald - TD Cowen Mary Schlangenstein - Bloomberg News Claire Bushey - Financial Times Operator Good morning. And welcome to the United Airlines Holdings Earnings Conference Call for the Second Quarter 2024.
United Airlines Holdings Inc (NASDAQ:UAL, ETR:UAL1) shares traded higher after stronger-than-expected profits for the second quarter overshadowed an earnings miss and softer guidance. Adjusted earnings per share (EPS) for Q2 were $4.14, in line with the airline's guidance and ahead of Street estimates of $3.97.
United Airlines (UAL) second-quarter 2024 revenues benefit from an uptick in air-travel demand.
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.