- United Airlines press release ( NASDAQ: UAL ): Q2 Non-GAAP EPS of $1.43 misses by $0.45 .
- Revenue of $12.11B (+121.4% Y/Y) in-line.
- Shares -3.2% .
- TRASM of up 24% compared to 2Q19 and and expects 24% to 26% improvement in the third quarter over third quarter 2019.
- Cost Per Available Seat Mile (CASM) of up 32%, and CASM-ex 2 of up 17%, compared to 2Q19.
- Second quarter revenue improved at a rapid pace and while the company anticipates the economy will slow in the near to medium term, the continuing pandemic recovery is more than offsetting economic headwinds — leading to expected revenue and earnings acceleration in the third quarter. As a result, the company continues to expect to be profitable for the full year 2022. Additionally, even as the industry faced several, well-documented operational challenges throughout the quarter, United performed well and with the exception of Newark had operating results largely in line with 2019.
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United Airlines Non-GAAP EPS of $1.43 misses by $0.45, revenue of $12.11B in-line