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Dec 31, 2019

United Airlines Q4 2019 Earnings Report

United Airlines achieved its 2020 adjusted EPS target one year ahead of schedule and reported Q4 net income of $641 million.

Key Takeaways

United Airlines reached its 2020 adjusted EPS target of $11 to $13 a full year ahead of schedule. The company reported a fourth quarter net income of $641 million, diluted EPS of $2.53, and pre-tax earnings of $844 million.

Reported fourth quarter net income of $641 million, diluted EPS of $2.53, up 50% versus the fourth quarter of 2018.

Reported fourth quarter adjusted net income of $676 million, adjusted diluted EPS of $2.67, up 11% versus the fourth quarter of 2018.

Consolidated fourth quarter passenger revenue per available seat mile (PRASM) increased 0.8 percent year-over-year.

Consolidated fourth quarter unit cost per available seat mile (CASM) decreased 1.3 percent year-over-year.

Total Revenue
$10.9B
Previous year: $10.5B
+3.8%
EPS
$2.67
Previous year: $2.41
+10.8%
Passenger Revenue / ASM
$0.14
Previous year: $0.139
+0.8%
Cost per ASM
$0.141
Load Factor
82.5%
Previous year: 82.7%
-0.2%
Gross Profit
$3.04B
Previous year: $2.86B
+6.3%
Cash and Equivalents
$2.76B
Previous year: $1.69B
+63.0%
Total Assets
$52.6B
Previous year: $49B
+7.3%

United Airlines

United Airlines

United Airlines Revenue by Segment

United Airlines Revenue by Geographic Location

Revenue & Expenses

Visualization of income flow from segment revenue to net income