United Continental Holdings (UAL), the holding company of United Airlines and Continental Airlines, operates in two segments: Mainline and Regional Affiliates. Further, the company manages its business as an integrated network with assets deployed across its Mainline and regional carrier networks.
United Continental has an encouraging track record having delivered positive earnings surprises in each of the last four quarters, with an average beat of 6.40%.
Zacks Rank: Currently, United Continental has a Zacks Rank #1 (Strong Buy). We have highlighted some of the key stats from this just-revealed announcement below:
Earnings: United Continental beat on earnings. Adjusted Earnings per share came in at $1.20, higher than the Zacks Consensus Estimate of $1.14.
Revenue: Revenues of $9.3 billion in line with the Zacks Consensus Estimate.
Key Stats: During the quarter, airline traffic, measured in revenue passenger miles, increased a mere 0.1% year over year t while capacity (or available seat miles) grew 0.9%, leading to a load factor (percentage of seats filled with passengers) of 81.7%, down 70 basis points.
Consolidated passenger revenue per available seat miles (PRASM or unit revenue) rose 0.4% year over year. Fuel costs declined 14.7% during the quarter (including realized hedging losses)
Stock Price: Shares prices were up 1.79% in pre-market trading following the earnings beat at the time of writing.
Check back later for our full write up on this United Continental earnings report later!
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