United Airlines Announces Second-Quarter 2024
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United Airlines Announces Second-Quarter 2024 Financial Results
Second-Quarter Financial Results
Key Highlights
Second-Quarter Financial Results
- Capacity up 8.3% compared to second-quarter 2023.
- Total operating revenue of $15.0 billion, up 5.7% compared to second-quarter 2023.
- TRASM down 2.4% compared to second-quarter 2023.
- CASM down 4.8%, and CASM-ex1 up 2.1%, compared to second-quarter 2023.
- Pre-tax earnings of $1.7 billion, with a pre-tax margin of 11.6%; adjusted pre-tax earnings1 of $1.8 billion, with an adjusted pre-tax margin1 of 12.1%.
- Net income of $1.3 billion; adjusted net income1 of $1.4 billion.
- Diluted earnings per share of $3.96; adjusted diluted earnings per share1 of $4.14.
- Average fuel price per gallon of $2.76.
- Ending available liquidity4 of $18.2 billion.
- Total debt and finance lease obligations of $26.6 billion at quarter end.
- Trailing twelve months adjusted net debt to adjusted EBITDAR of 2.6x3.
- In July, voluntarily pre-paid the remaining $1.8 billion outstanding balance of the MileagePlus term loan with an interest rate near 11%.
Key Highlights
- Launched Kinective MediaSM by United Airlines – the first media network that uses insights from travel behaviors to connect customers to personalized advertising, experiences and offers from leading brands.
- Resumed the airline's two daily flights from Newark to Tel Aviv.
- Recognized as one of TIME100's Most Influential Companies for United's commitment to sustainability through its United Airlines Ventures Sustainable Flight FundSM.
- Announced the addition of nearly 200 flights to Milwaukee and Chicago this summer for easier travel to the Republican and Democratic National Conventions.
- Debuted a new onboard safety video, providing clear, easy-to-follow demonstrations of critical safety procedures.
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United Airlines Announces Second-Quarter 2024 Financial Results
Second-Quarter Financial Results
Key Highlights
Second-Quarter Financial Results
- Capacity up 8.3% compared to second-quarter 2023.
- Total operating revenue of $15.0 billion, up 5.7% compared to second-quarter 2023.
- TRASM down 2.4% compared to second-quarter 2023.
- CASM down 4.8%, and CASM-ex1 up 2.1%, compared to second-quarter 2023.
- Pre-tax earnings of $1.7 billion, with a pre-tax margin of 11.6%; adjusted pre-tax earnings1 of $1.8 billion, with an adjusted pre-tax margin1 of 12.1%.
- Net income of $1.3 billion; adjusted net income1 of $1.4 billion.
- Diluted earnings per share of $3.96; adjusted diluted earnings per share1 of $4.14.
- Average fuel price per gallon of $2.76.
- Ending available liquidity4 of $18.2 billion.
- Total debt and finance lease obligations of $26.6 billion at quarter end.
- Trailing twelve months adjusted net debt to adjusted EBITDAR of 2.6x3.
- In July, voluntarily pre-paid the remaining $1.8 billion outstanding balance of the MileagePlus term loan with an interest rate near 11%.
Key Highlights
- Launched Kinective MediaSM by United Airlines – the first media network that uses insights from travel behaviors to connect customers to personalized advertising, experiences and offers from leading brands.
- Resumed the airline's two daily flights from Newark to Tel Aviv.
- Recognized as one of TIME100's Most Influential Companies for United's commitment to sustainability through its United Airlines Ventures Sustainable Flight FundSM.
- Announced the addition of nearly 200 flights to Milwaukee and Chicago this summer for easier travel to the Republican and Democratic National Conventions.
- Debuted a new onboard safety video, providing clear, easy-to-follow demonstrations of critical safety procedures.
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Joined APC: Oct 2018
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#6
Gets Weekends Off
Joined APC: Dec 2023
Posts: 346
![Default](https://www.airlinepilotforums.com/images/icons/icon1.gif)
United Airlines Announces Second-Quarter 2024 Financial Results
Second-Quarter Financial Results
Key Highlights
Second-Quarter Financial Results
- Capacity up 8.3% compared to second-quarter 2023.
- Total operating revenue of $15.0 billion, up 5.7% compared to second-quarter 2023.
- TRASM down 2.4% compared to second-quarter 2023.
- CASM down 4.8%, and CASM-ex1 up 2.1%, compared to second-quarter 2023.
- Pre-tax earnings of $1.7 billion, with a pre-tax margin of 11.6%; adjusted pre-tax earnings1 of $1.8 billion, with an adjusted pre-tax margin1 of 12.1%.
- Net income of $1.3 billion; adjusted net income1 of $1.4 billion.
- Diluted earnings per share of $3.96; adjusted diluted earnings per share1 of $4.14.
- Average fuel price per gallon of $2.76.
- Ending available liquidity4 of $18.2 billion.
- Total debt and finance lease obligations of $26.6 billion at quarter end.
- Trailing twelve months adjusted net debt to adjusted EBITDAR of 2.6x3.
- In July, voluntarily pre-paid the remaining $1.8 billion outstanding balance of the MileagePlus term loan with an interest rate near 11%.
Key Highlights
- Launched Kinective MediaSM by United Airlines – the first media network that uses insights from travel behaviors to connect customers to personalized advertising, experiences and offers from leading brands.
- Resumed the airline's two daily flights from Newark to Tel Aviv.
- Recognized as one of TIME100's Most Influential Companies for United's commitment to sustainability through its United Airlines Ventures Sustainable Flight FundSM.
- Announced the addition of nearly 200 flights to Milwaukee and Chicago this summer for easier travel to the Republican and Democratic National Conventions.
- Debuted a new onboard safety video, providing clear, easy-to-follow demonstrations of critical safety procedures.
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