United Airlines: Q2 EPS down 18%

(CercleFinance.com) - On Wednesday evening, United Airlines reported adjusted net income of $1.
4 billion for Q2 2024, representing EPS that is down nearly 18% to $4.14, in line with its forecast presented at the beginning of the year. NB pmt pretty flat.

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 $15bn on capacity that is up 8.3%.

Saying that it is effectively managing costs, cash and capacity in the face of a difficult sector context, management is confident in the company's ability to achieve its EPS target of between $9 and $11 by 2024.


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