United loses $1.4 billion, BUT . . .
#1
United loses $1.4 billion, BUT . . .
So if we turn profitable in Q2 of 2022 what's the over and under on when we finally get a contract? Enquiring minds want to know
UAL 1Q 22 Earnings
UAL 1Q 22 Earnings
“I’ve never seen in my career, and I’ve been in this industry a long time ... such a hockey stick increase of demand,” CEO Scott Kirby told CNBC Wednesday.
For the second quarter, United is forecasting a 10% operating margin, and the highest quarterly sales in its history, with revenue per passenger mile up 17% over 2019, as higher fares help cover an increase in expenses.
For the second quarter, United is forecasting a 10% operating margin, and the highest quarterly sales in its history, with revenue per passenger mile up 17% over 2019, as higher fares help cover an increase in expenses.
#3
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Joined APC: May 2009
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So if we turn profitable in Q2 of 2022 what's the over and under on when we finally get a contract? Enquiring minds want to know
UAL 1Q 22 Earnings
UAL 1Q 22 Earnings
#4
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#6
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Joined APC: Sep 2018
Posts: 75
Although I like Scott's optimism, can we just revisit a few of his quotes from the 2nd quarter of 2021 earnings call (which was also quite bullish)?
And from the CFO as well:
Before I really begin, I thought I'd take a moment to address the most talked-about issue among airline investors recently, the delta variant. As you'll hear from our bullishness today, we haven't seen any impact at all on bookings, which continue to just get stronger and stronger every week [...]
That all said, we think the most likely outcome is that the continued recovery in demand continues largely unabated. [...]
But if I was going to briefly summarize where things stand right now, I'd say the demand is recovering even faster than we had hoped domestically, both leisure and business demand. [...]
Today with the robust demand trends that we see and our return to profitability, we don't just see the light at the end of the tunnel. We're exiting the tunnel.
That all said, we think the most likely outcome is that the continued recovery in demand continues largely unabated. [...]
But if I was going to briefly summarize where things stand right now, I'd say the demand is recovering even faster than we had hoped domestically, both leisure and business demand. [...]
Today with the robust demand trends that we see and our return to profitability, we don't just see the light at the end of the tunnel. We're exiting the tunnel.
In closing, our expectation for adjusted pre-tax profitability in both the third and fourth quarters represent a milestone that the entire United family has worked toward since the beginning of the pandemic. Gone are the days of talking about empty aircraft, cash burn and job losses.
Last edited by SquawkIdent; 04-21-2022 at 04:40 PM.
#7
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Joined APC: Dec 2010
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Agreed. Scott is selling positivity to keep the wheels on the wagon... weirdly enough it seems to be working both within the pilot group and the shareholder group. The all electric regional jets, the hydrogen powered regional jet, 100% sustainable super-sonic air travel, "definitely profitable.... but next quarter, not this one..." Just ignore those oil prices and interest rates, please.
#8
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Joined APC: Jul 2014
Posts: 805
Agreed. Scott is selling positivity to keep the wheels on the wagon... weirdly enough it seems to be working both within the pilot group and the shareholder group. The all electric regional jets, the hydrogen powered regional jet, 100% sustainable super-sonic air travel, "definitely profitable.... but next quarter, not this one..." Just ignore those oil prices and interest rates, please.
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