United Airlines (UAL) Tops Q1 EPS by 12c, Beats on Revenues

United Airlines (NYSE: UAL) reported Q1 EPS of $0.50, $0.12 better than the analyst estimate of $0.38. Revenue for the quarter came in at $9.03 billion versus the consensus estimate of $8.99 billion.

• UAL reported first-quarter net income of $147 million, diluted earnings per share of $0.52, pre-tax earnings of $184 million and pre-tax margin of 2.0 percent.
• Excluding special charges and mark-to-market adjustments, UAL reported first-quarter net income of $143 million, diluted earnings per share of $0.50, pre-tax earnings of $179 million and pre-tax margin of 2.0 percent.
• UAL has repurchased $747 million of its common shares year-to-date through April 16, 2018, representing approximately 4 percent of its shares outstanding as of year-end 2017.
• Consolidated passenger revenue per available seat mile (PRASM) increased 2.7 percent year-over-year.
• Consolidated total revenue per available seat mile (TRASM) increased 3.4 percent year-over-year.
• Consolidated unit cost per available seat mile (CASM) increased 4.3 percent year-over-year.
• First-quarter consolidated CASM, excluding special charges, third-party business expenses, fuel and profit sharing, increased 0.6 percent year-over-year.
• UAL now expects full-year 2018 diluted earnings per share, excluding special charges and mark-to-market adjustments, to be $7.00 to $8.501.

For earnings history and earnings-related data on United Airlines (UAL) click here.

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