United Airlines Q2 2022 Earnings Report
Key Takeaways
United Airlines reported its second quarter 2022 financial results, achieving the highest second quarter revenue in its history and its first profitable quarter since COVID-19 began, despite record-high fuel prices. Total operating revenue was up 6% compared to the same quarter in 2019, and TRASM was up 24% compared to the same quarter in 2019.
Reported second quarter 2022 net income of $329 million, adjusted net income of $471 million.
Reported second quarter 2022 total operating revenue of $12.1 billion, up 6% compared to second quarter 2019.
Reported second quarter 2022 TRASM of up 24% compared to second quarter 2019.
Reported second quarter 2022 operating margin of 7.2%, adjusted operating margin of 8.2%.
United Airlines
United Airlines
United Airlines Revenue by Segment
Forward Guidance
The company expects to see sequential improvement in the third quarter. TRASM is expected to improve 24 to 26 percent in the third quarter over third quarter 2019.
Revenue & Expenses
Visualization of income flow from segment revenue to net income