What an impressive quarter this is shaping up to be for U.S. airlines. Following spotless numbers reported by peer Delta Air Lines (DAL), this time, it was United's (UAL) turn to wow investors with a classic beat-and-raise.
Revenues of $11.4 billion lagged my projections but beat consensus estimate by a modest $60 million. Margins ballooned YOY, trailing my projection by 30 bps but helping to push adjusted EPS of $4.21 well past consensus of $4.04.
Credit: Monterey Regional Airport
The Chicago-based company called investors' attention to its "highest second quarter pre-tax