United Airlines: EPS down 18% in Q2

(CercleFinance.com) - On Wednesday evening, United Airlines reported adjusted net income of $1.
4 billion for the second quarter of 2024, representing EPS down nearly 18% to $4.14, in line with its target presented at the beginning of the year.

The Chicago-based airline claims an adjusted pre-tax margin of 12.1%, close to the sector's upper limit, on operating revenues up 5.7% to $15 billion on capacity up 8.3%.

Claiming to be "effectively managing costs, cash and capacity in the face of a difficult sector context", CEO Scott Kirby is confident in the company's ability to achieve its EPS target of between nine and eleven dollars by 2024.

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