FMP
United Airlines Posts Q2 Revenue and Guidance Miss
Jul 18, 2024 12:30 PM - Davit Kirakosyan
Image credit: FMP
United Airlines (NASDAQ:UAL) reported disappointing Q2 results on Wednesday, with both revenue and forward guidance falling short of Wall Street expectations due to weakening demand for air travel.
The airline posted adjusted EPS of $4.14 on revenue totaling $14.99 billion. This performance missed analyst forecasts, which had projected EPS of $3.98 on revenue of $15.11 billion.
The dip in revenue comes at a challenging period for the airline sector. Various U.S. airlines have recently indicated that this summer and mid-August could mark a critical juncture.
United's cost per available seat mile (CASM) decreased by 4.8% in Q2 compared to the same period last year, reflecting some operational efficiencies.
Looking forward, United Airlines provided Q3 guidance, forecasting adjusted EPS between $2.75 and $3.25, which is below the Street estimate of $3.59. For the full year, United Airlines anticipates adjusted EPS to be in the range of $9.00 to $11.00.
Other Blogs
Nov 22, 2024 5:08 AM - Parth Sanghvi
Fundamental Analysis: Principles, Types, and How to Use It
Fundamental analysis is one of the most essential tools for investors and analysts alike, helping them assess the intrinsic value of a stock, company, or even an entire market. It focuses on the financial health and economic position of a company, often using key data such as earnings, expenses, ass...
Dec 17, 2024 8:58 AM - Sanzhi Kobzhan
Examining Tesla’s Financial Health Using FinancialModelingPrep’s Ratios API
Tesla, one of the world’s most talked-about electric vehicle manufacturers, attracts a lot of attention from investors and market watchers. By examining a snapshot of Tesla’s financial ratios—such as those provided by FinancialModelingPrep’s Ratios API—we can get a clearer picture of the company’s f...
Dec 22, 2024 7:59 AM - Sanzhi Kobzhan
Two great Software Platform Stocks Similar to Palantir (PLTR)
When it comes to cutting-edge software and data analytics, Palantir Technologies (NYSE: PLTR) is often front and center. But for many investors, it’s important to consider alternative or complementary stocks in the same sector that may offer robust growth potential. As PLTR looks expensive (overvalu...
