United Airlines Holdings, Inc

UAL NASDAQ
UAL
United Airlines Holdings, Inc NASDAQ
 
No trades
Upcoming Earnings
EPS
Market Cap
Div Yield
P/E
Upcoming Earnings
EPS
Market Cap
Div Yield
P/E

Important events

Sep 092022

United Airlines bets on air taxis

United Airlines writes a $15 million check to acquire some air taxis that’ll apparently ferry city slickers to and from airports for less than 150 bucks. Snazzy.

  • The airliner has agreed to buy 200, four-seater air taxis from startup Eve Air Mobility, which is backed by Brazilian aerospace business Embraer. The order follows on from a $10 million deposit for 100 eVTOLs from the company Archer last month.
  • Eve’s first air taxi could be delivered as early as 2026. It will be fully electric, have a range of around 60 miles, and will take off and land vertically, like a helicopter. United has also reserved the option to purchase 200 more, should Eve’s air taxis prove to go down well with their customers.
  • Air taxis may become a greener way to get to urban airports over congested city roads (anybody else sick and tired of Queens–Midtown Tunnel traffic?), but they’ve not received any clearance to fly commercial passengers from the Federal Aviation Administration yet.
United Airlines

Subscribe to Snaps

See the market snapshots that matter and nothing else – sent to your inbox daily. Designed to be read in 20 seconds or less.

Jul 212022

No claps for the pilot here

Juuuust as airlines start topping their pre-pandemic profits, “industry-wide operational challenges” are leading to a rough landing for their earnings.

  • United Airlines fell 7% in extended trading on Wednesday despite posting its first quarterly profit since covid hit. The major airline missed on both ends with EPS of $1.43 on revenues of $12.11bn, though it did say that unit revenues surged 24% over 2019 thanks to continued strength in travel demand.
  • CEO Scott Kirby said there are three risks that could grow in the next couple of months, including operational challenges, record fuel prices, and the increasing probability of a global recession. The company expects unit costs (including fuel) to remain elevated throughout 2022 to be up around 17% in Q3 and 14% in Q4.
  • To that end, United will scale back on its growth plans for next year, now planning to expand flying only 8% over 2019 instead of the original 20% it forecast. Other rivals have echoed United’s sentiment, with Delta’s CEO ​​saying the “demand and revenue landscape is the best we’ve seen” but operations remain “uniquely challenged”.
See all reported financials
Josue Isai Ramos Figueroa /Unsplash
Apr 212022

Are airlines finally reaching cruising altitude?

United Airlines flies on the tailwinds of a bullish outlook, which hints that a pandemic recovery is on the horizon for airlines stocks.

  • Share prices took off to see gains of 8% in extended trading on Wednesday despite modestly missing on both ends with a LPS of $4.24 on revenues of $7.57bn – that’s a way off the $9.59bn it reported three years ago, but double last year's $3.22bn.
  • But nevermind that, because profits are coming at last. The airline said it expects to turn a profit this year for the first time since covid hit as bookings grow – CEO Scott Kirby said that in 30 years, he has never seen “such a hockey stick increase of demand”.
  • That’s not to say the year will be turbulence free though. Commodity prices are only going up, and United is already spending 40% more on fuel than it was in 2019. With demand so high, it can prolly get away with raising prices to absorb some of those costs, but only time will tell how consumers will take that.
See all reported financials
Nick Morales / Unsplash
Mar 082022

Airline stocks run on fumes

Airline investors are bracing for impact after seeing their investments nosedive in value on the back of sky-high fuel costs.

🔍 Key points:

  • Air carriers hit more turbulence on Monday after spending last week on the decline. United Airlines fell 15% to its lowest price since August 2020, American Airlines lost 12%, Delta sank nearly 13%, and the U.S. Global Jets ETF dropped 11% to a 16-month low.
  • Oil prices are surging because of the Russian invasion of Ukraine. The commodity spiked past $130 a barrel on Monday, leading to the most expensive jet fuel in over 13 years – fuel makes up about 30% of airline costs, so it’s gonna hurt.
  • It comes just as the industry starts to recover from covid. Airlines are limited in how much they can actually raise their prices, especially considering consumers are already feeling pressured by inflation, so analysts are now expecting carriers to trim their current quarter outlooks in response.
United Airlines
Jan 202022

United straps in for a rough flight

The fourth quarter was smooth sailing for United Airlines, but it looks like there could be turbulence on the way as it heads into 2022.

  • Prices opened down 3% on Thursday after closing at its lowest price all year in anticipation on Wednesday.
  • It beat estimates on both ends. It posted losses per share of $1.60, narrower than the $2.11 analysts were looking for, and revenue of $8.19bn healthily beat expectations of $7.97bn.
  • Airlines have had a bumpy start to the year though, forced to cancel thousands of flights as covid kept both their staff and customers isolated at home, and the repercussions are waiting in the wings…
  • Near term demand has taken a hit, taking Q1 profits with it, though there is hope for spring and summer travel to rebound.
  • United isn’t the only one putting on its life vest. Rival Delta Airlines (DAL) last week forecast a current quarter loss thanks to the effects of Omicron, so it looks like the entire industry is in need of some stability (aren’t we all).
  • It cut its capacity forecast for 2022 to below 2019 levels, while it had previously expected to surpass 2019’s pre-pandemic capacity by 5%.
See all reported financials
United
Jul 232021

United wobbles on Q2 earnings

Shares of United Airlines manage to pull it back, dipping in early morning trading after Q2 results are released but closing Wednesday up 3.8% and remaining steady through Thursday.

The airline’s second quarter earnings reported a loss of $3.91 per share, in line with what analysts were expecting, on revenues of $5.47 billion, exceeding expectations of $5.37 billion. The return of domestic travel has been a key factor in the firm’s recovery from its pandemic-fuelled fall, but United said that long-haul travel has been pulling its weight too, bouncing back quicker than expected in Q2.

Despite worries that the Delta variant of the Coronavirus might stop the airline industry’s comeback, United remains optimistic, and expects to see a profit in Q3 and Q4 on a pre-tax basis.

There will be ups and downs, and we’re prepared to deal with whatever those are, knowing that we can’t precisely forecast exactly what the ups and downs are going to be.

said CEO Scott Kirby.
See all reported financials