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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.
United Airlines
United Airlines
United Airlines Revenue by Segment
Revenue by Segment
Passenger Revenue
CapyFin.comCargo Revenue
CapyFin.comOther Operating Rev Revenue
CapyFin.com 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