United Airlines Q1 2022 Earnings Report
Key Takeaways
United Airlines reported first quarter 2022 financial results and announced it expects to return to profitability in the second quarter on a robust operating revenue outlook. The company expects TRASM of approximately 17% over 2019, and an approximate 10% operating margin for Q2.
Reported first quarter 2022 capacity down 19% compared to first quarter 2019.
Reported first quarter 2022 net loss of $1.4 billion.
Reported first quarter 2022 total operating revenue of $7.6 billion, down 21% compared to first quarter 2019.
Reported first quarter 2022 ending available liquidity of $20 billion.
United Airlines
United Airlines
United Airlines Revenue by Segment
Forward Guidance
United Airlines expects to return to profitability in the second quarter on a robust operating revenue outlook, including total revenue per available seat mile (TRASM) of approximately 17% over 2019, the strongest second quarter revenue guidance in company history. The company expects to be solidly profitable in the second quarter with an approximate 10% operating margin.
Positive Outlook
- Expects highest quarterly revenue in company history in Q2
- Expects 10% operating margin for Q2
- Expects to be profitable for FY22
- Expects Q2 TRASM up about 17%
- Business and long-haul international bookings accelerating rapidly
Revenue & Expenses
Visualization of income flow from segment revenue to net income