United Airlines Holdings Inc

NASDAQ:UAL   11:10:44 AM EDT
-0.02 (-0.04%)
Other Pre-Announcement

United Reports Qtrly Loss Per Share $1.34

Published: 07/20/2021 20:58 GMT
United Airlines Holdings Inc (UAL) - United Releases Second-quarter Financial Results; Expects Profitability* in the Third Quarter and Beyond.
Q2 Revenue $5.5 Billion Versus Refinitiv Ibes Estimate of $5.35 Billion.
United Airlines - Expects Continued Gains As More Businesses Return by End of Summer and Into 2022, With Full Recovery in Demand Anticipated by 2023.
United Airlines - Expects Third Quarter 2021 Capacity to Be Down Around 26% Compared to Third Quarter 2019, Up 39% Quarter Over Quarter.
United Airlines - Expects Q3 2021 Trasm Growth to Be Positive Compared to the Third Quarter 2019, Q1 of Positive Trasm Growth Since Q2 of 2020.
Qtrly Loss per Share $1.34.
United Airlines -expects Fourth Quarter 2021 Adjusted Pre-tax Income1 to Be Positive.
Qtrly Consolidated Passenger Load Factor 72% Versus 33.1% in 2020.
Qtrly Passenger Revenue per Available Seat Mile 11.02 Cents.
United Airlines -expects Q3 2021 Adjusted Pre-tax Income1 to Be Positive, Q1 of Positive Adjusted Pre-tax Income Since Fourth Quarter 2019.
Expects Q3 2021 Casm-ex to Be Up Approximately 17% Compared to Q3 2019.
United Airlines -expects 2022 Casm-ex2, Excluding Fuel, Profit Sharing, Third-party Business Expenses, and Special Charges to Be Lower Than 2019.
Qtrly Cost per Available Seat Mile (casm) (GAAP) 14.49 Cents Versus 34.72 Cents.
Reported Second Quarter 2021 Ending Available Liquidity of Approximately $23 Billion.
Q2 Operating Expenses Down 42%, Down 32% Excluding Special Charges, Compared to Q2 2019.