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Dec 31, 2022
United Airlines Q4 2022 Earnings Report
Achieved 9.1% pre-tax margin ahead of schedule and exceeded adjusted operating margin guidance.
Key Takeaways
United Airlines reported strong fourth-quarter and full-year 2022 financial results, exceeding adjusted operating margin guidance and achieving its 2023 pre-tax margin target ahead of schedule. The company grew operating revenue by 14% and TRASM by 26% compared to fourth quarter 2019.
Exceeded adjusted operating margin guidance in the fourth quarter, reporting a 11.1% operating margin (11.2% on an adjusted basis).
Achieved a 9.1% pre-tax margin on a GAAP basis (9.0% on an adjusted basis), reaching its 2023 target ahead of schedule.
Grew operating revenue by 14% and TRASM by 26% compared to fourth quarter 2019.
Remains confident in hitting its 2023 financial performance targets fueled by United Next progress.
Revenue by Segment
Forward Guidance
UAL will hold a conference call to discuss fourth-quarter and full-year 2022 financial results, as well as its financial and operational outlook for first quarter 2023 and beyond, on Wednesday, January 18.
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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