On January 22, 2024, United Airlines Holdings, Inc. (UAL), along with its subsidiary United Airlines, Inc., released their financial results for the fourth quarter and the full year of 2023. The announcement was made through an Earnings Press Release and was accompanied by an Investor Update on the company's website. United Airlines reported a full-year diluted earnings per share of $7.89 and an adjusted full-year diluted earnings per share of $10.05, meeting its initial target range of $10 - $12. The fourth quarter saw a diluted earnings per share of $1.81 and an adjusted diluted earnings per share of $2.00, surpassing expectations. The company highlighted its diversified revenue strategy, premium cabin revenue increase by 16%, and Basic Economy revenue increase by 20% for the quarter year-over-year. United...Show More

On January 22, 2024, United Airlines Holdings, Inc. (UAL), along with its subsidiary United Airlines, Inc., released their financial results for the fourth quarter and the full year of 2023. The announcement was made through an Earnings Press Release and was accompanied by an Investor Update on the company's website. United Airlines reported a full-year diluted earnings per share of $7.89 and an adjusted full-year diluted earnings per share of $10.05, meeting its initial target range of $10 - $12. The fourth quarter saw a diluted earnings per share of $1.81 and an adjusted diluted earnings per share of $2.00, surpassing expectations. The company highlighted its diversified revenue strategy, premium cabin revenue increase by 16%, and Basic Economy revenue increase by 20% for the quarter year-over-year. United Airlines also noted cost convergence across the industry and strong demand for travel as contributing factors to its financial performance. The report included operational highlights such as the best quarterly on-time arrival performance in the company's history and improvements in Newark operations. United Airlines also announced orders for 110 more aircraft for delivery beginning in 2028, part of its United Next growth strategy. The company's pilots and other employees ratified new contracts, and United hosted various community and environmental initiatives. The financial results and outlook were discussed in a conference call on January 23, 2024.