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Dec 31, 2023

United Airlines Q4 2023 Earnings Report

United Airlines reported its Q4 and full-year 2023 financial results, with Q4 adjusted diluted earnings per share exceeding expectations and the best quarterly on-time arrival performance in company history.

Key Takeaways

United Airlines announced strong Q4 and full-year 2023 results, with Q4 adjusted diluted earnings per share of $2.00, exceeding expectations. The company's diversified revenue strategy and cost convergence contributed to its success. United also achieved its best quarterly on-time arrival performance in company history and improved Newark operations.

Full-year diluted earnings per share of $7.89; full-year adjusted diluted earnings per share of $10.05.

Fourth quarter diluted earnings per share of $1.81, adjusted diluted earnings per share of $2.00, ahead of expectations.

Delivered best quarterly on-time arrival performance in company history.

Newark operations improved substantially with the best 4th quarter ever for on-time performance.

Total Revenue
$13.6B
Previous year: $12.4B
+9.9%
EPS
$2
Previous year: $2.46
-18.7%
Passenger Revenue / ASM
$16.9
Previous year: $17.4
-3.3%
Cost per ASM
$17.1
Previous year: $17.1
-0.1%
Load Factor
82.3%
Previous year: 85.2%
-3.4%
Gross Profit
$1.62B
Previous year: $3.57B
-54.8%
Cash and Equivalents
$14.4B
Previous year: $7.17B
+101.2%
Free Cash Flow
-$2.98B
Total Assets
$71.1B
Previous year: $67.4B
+5.6%

United Airlines

United Airlines

United Airlines Revenue by Segment

United Airlines Revenue by Geographic Location

Forward Guidance

UAL will hold a conference call to discuss fourth quarter and full-year 2023 financial results, as well as its financial and operational outlook for first-quarter 2024 and beyond, on Tuesday, Jan. 23, at 9:30 a.m. CST/10:30 a.m. EST.

Revenue & Expenses

Visualization of income flow from segment revenue to net income