- United Airlines press release ( NASDAQ: UAL ): Q4 Non-GAAP EPS of $2.46 beats by $0.33 .
- Revenue of $12.4B (+51.4% Y/Y) beats by $170M .
- Capacity down 9% compared to fourth-quarter 2019.
- TRASM of up 26% compared to fourth-quarter 2019.
- CASM of up 21%, and CASM-ex 1 of up 11%, compared to fourth-quarter 2019.
- Operating margin of 11.1%, adjusted operating margin 1 of 11.2%, both up over 2 pts. compared to fourth-quarter 2019.
- Pre-tax margin of 9.1%, adjusted pre-tax margin 1 of 9.0%, both up and around 1 pt. compared to fourth-quarter 2019.
- Average fuel price per gallon of $3.54.
- The changes United made to increase staffing and resources and invest in technology and infrastructure created strong operations and allowed United to recover quickly after winter storm Elliott
- Remains confident in hitting its 2023 financial performance targets fueled by United Next progress.
- Shares +4.41% .
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United Airlines Non-GAAP EPS of $2.46 beats by $0.33, revenue of $12.4B beats by $170M