United Airlines Q1 2024 Earnings Report
Key Takeaways
United Airlines reported a first-quarter 2024 pre-tax loss of $164 million, an improvement of $92 million over the same quarter last year. The adjusted pre-tax loss was $79 million, a $187 million improvement. The company generated $2.8 billion operating cash flow and $1.5 billion free cash flow. The company continues to expect full-year 2024 adjusted diluted earnings per share of $9 to $11.
First-quarter diluted loss per share of $0.38; first-quarter adjusted diluted loss per share of $0.15, ahead of expectations.
Updated fleet plan, allowing for a consistent delivery schedule of approximately 100 narrowbody aircraft yearly from 2025 through 2027.
Achieved second-best first quarter on-time departure performance in the company's history.
The demand environment remained strong with a double-digit percentage increase in business demand quarter over quarter, as compared to pre-pandemic.
United Airlines
United Airlines
United Airlines Revenue by Segment
United Airlines Revenue by Geographic Location
Forward Guidance
The company continues to expect full-year 2024 adjusted diluted earnings per share of $9 to $11.
Revenue & Expenses
Visualization of income flow from segment revenue to net income