Q2 2024 United Airlines Holdings Inc Earnings Call Transcript
Key Points
- United Airlines Holdings Inc (UAL) reported total revenues of $15 billion for Q2 2024, up 5.7% year over year.
- The company achieved record operational performance, including the best on-time performance and completion factor since the pandemic.
- United's MileagePlus program had a strong quarter with revenues up 13%.
- The company led the industry in domestic PRASM growth for three consecutive years.
- United Airlines Holdings Inc (UAL) expects to be within its full-year 2024 EPS guidance range of $9 to $11.
- Domestic PRASM fell by 1.9% on 5.3% more capacity, indicating pressure from unprofitable industry capacity.
- International PRASM fell by 3.6% year over year, with declines in Latin America and Asia.
- The company faced challenges from weather disruptions, including Hurricane Beryl in Houston.
- Unit costs, excluding fuel, were up 2.1% year over year on 8.3% capacity growth.
- The industry capacity growth exceeded demand, putting pressure on yields and revenues.
Good morning, and welcome to the United Airlines Holdings Earnings Conference Call for the Second Quarter 2024. My name is Brianna, and I will be your conference facilitator today. (Operator Instructions) This call is being recorded and is copyrighted. Please note that no portion of the call may be recorded, transcribed or rebroadcast without the company's permission.
Your participation implies your consent to our recording of this call. If you do not agree with these terms, simply drop off the line. I will now turn the presentation over to your host for today's call, Kristina Edwards, Managing Director of Investor Relations. Please go ahead.
Thank you, Brianna. Good morning, everyone, and welcome to United's Second Quarter 2024 Earnings Conference Call. Yesterday, we issued our earnings release, which is available on our website at ir.united.com. Information in yesterday's release and the remarks made during this conference call may contain forward-looking statements. All forward
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
