$UAL (+0,09 %)

Q4 FY2024 results ended on December 31, 2024

- Total operating revenue: $14.7B, +7.8% YoY

- Net income: $985M, +64.2% YoY

- Diluted EPS: $2.95 vs $1.81 in Q4 2023

- Pre-tax margin: 8.9% vs 5.7% in Q4 2023

CEO Scott Kirby: "United had a unique strategy coming out of COVID and our people have delivered for customers leading to a structurally and permanently changed industry. 2024 was a strong year across the board for United as we've become the leading global airline."

🌱Revenue & Growth

- Passenger revenue: $13.3B, +6.9% YoY

- Cargo revenue: $521M, +29.6% YoY

- Other revenue: $899M, +12.0% YoY

- Premium cabin revenue up 10% YoY

- Corporate revenue up 7% YoY

💰Profits & Financials

- Operating income: $1.5B, +50.6% YoY

- Operating margin: 10.2% vs 7.3% in Q4 2023

- Fuel cost per gallon: $2.40 vs $3.13 in Q4 2023

- Available liquidity: $17.4B

- Net leverage ratio: 2.4x vs 2.9x in Q4 2023

📌Business Highlights

- Carried record 174M customers in 2024

- First in on-time departures at all seven hubs

- Announced SpaceX Starlink for 1,000+ aircraft

- Launched MileagePlus pooling program

- Operating 145 more mainline flights per day vs 2023

- Added service to nine new international destinations

🔮Future Outlook

- Expects robust demand trends in Q1 2025

- Domestic RASM projected to turn positive YoY

- Continues to see improvement in international RASM

- On path to achieve double-digit pre-tax margins

- Reiterates confidence in industry transformation

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$UAL (+0,09 %) | United Airlines Q3'24 Earnings Highlights:

🔹 Adj EPS: $3.33 (Est. $3.13) 🟢; DOWN from $3.65 YoY

🔹 Revenue: $14.84B (Est. $14.77B) 🟢; UP +2.5% YoY

🔸 Authorized a new $1.5B share repurchase program

Q4 Guidance:

🔹 Adj EPS: $2.50 - $3.00 (Est. $2.75) 🟡

Operational Metrics:

🔹 Capacity (Available Seat Miles): 81.54B; UP +4.1% YoY

🔹 Revenue Passenger Miles: 69.55B; UP +2.7% YoY

🔹 Load Factor: 85.3% (vs. 86.4% YoY) 

🔹 PRASM: 16.63 cents; DOWN -2.4% YoY 

🔹 CASM-ex: 12.26 cents; UP +6.5% YoY 

Segment Revenue:

🔹 Passenger: $13.56B; UP +1.6% YoY

🔹 Cargo: $417M; UP +25% YoY

🔹 Other: $865M; UP +7.9% YoY

Fuel Statistics:

🔹 Fuel Consumed: 1.17B gallons; UP +3.4% YoY

🔹 Average Fuel Price per Gallon: $2.56; DOWN -13% YoY

Share Repurchase Program:

🔸 Board authorized a new $1.5B share repurchase program

🔸 First buyback since suspension in 2020 due to COVID-19

🔸 Limit of $500M in aggregate repurchases through year-end 2024

🔸 Operational Highlights:

— Generated $7.2B of operating cash flow and $3.4B of free cash flow year-to-date

— Demand continues to be strong; Corporate revenues up 13% YoY in September

— Premium revenues up 5% YoY; Basic Economy revenue up 20% YoY

CEO Scott Kirby's Commentary:

🔸 "As predicted, unproductive capacity left the market in mid-August, and we saw a clear inflection point in our revenue trends that propelled United to exceed Q3 expectations."