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Mar 31, 2023
United Airlines Q1 2023 Earnings Report
Announced first-quarter financial results and continues to see strong demand for air travel.
Key Takeaways
United Airlines reported a $256 million pre-tax loss for the first quarter of 2023, which was consistent with expectations. The company's total operating revenue increased by 51.1% compared to the first quarter of 2022, and total revenue per available seat mile (TRASM) increased by 22.5%.
Generated record high quarterly operating cash flow of over $3 billion.
Achieved the lowest mainline flight and seat cancellation rates of any U.S. airline despite having the most flights impacted by weather.
Q2 adjusted diluted EPS target of $3.50 to $4.00; reiterating full-year adjusted diluted EPS target of $10 to $12.
Seeing strong international demand in Q2; international expansion twice the rate of domestic.
Revenue by Segment
Forward Guidance
The company expects all of these factors will keep us on track to achieve our full-year adjusted diluted EPS target.
Positive Outlook
- Q2 adjusted diluted EPS target of $3.50 to $4.00
- Reiterating full-year adjusted diluted EPS target of $10 to $12
- Cost trajectory on track for full-year flat CASM-ex target
- Seeing strong international demand in Q2
- International expansion twice the rate of domestic
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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