United Airlines Holdings, Inc.
What To Know: The company clocked second-quarter earnings of $5.03 per share, versus the analyst consensus estimate of $4.03, a 251.75% increase over earnings of $1.43 per share from the same period last year. It reported quarterly sales of $14.18 billion, which beat the analyst consensus estimate of $13.91 billion, a 17.08% increase over sales of $12.11 billion in the same period last year.
UAL's Q2 capacity was up 17.5% year-over-year, and TRASM was down 0.4%. It reported an average fuel price per gallon of $2.66 in the second quarter.
United Airlines issued full-year 2023 EPS guidance of $11 to $12, beating the $9.73 analyst estimate.
"The United team persevered through an unprecedented series of events at the end of last month. They are the best in the business and we're focused on the important changes we can make, especially in Newark, to serve our customers even better," said United Airlines CEO Scott Kirby.
"United's financial performance in the second quarter and our outlook for the remainder of the year and beyond make it clear that United Next is working and is the right strategy at the right time. Our focus now is on executing that strategy well - because we know it will deliver huge benefits for our customers, our employees and our owners."
UAL Price Action: Shares of UAL are trading higher by 2.65% at $56.25 in the after-hours session Wednesday, according to Benzinga Pro.
