United Airlines Stock Is Taking Off Tuesday: What's Going On?
Portfolio Pulse from Adam Eckert
United Airlines Holdings Inc (NASDAQ:UAL) stock rose after reporting Q4 financial results that surpassed estimates. The company reported $13.6 billion in revenue and earnings of $2 per share, beating estimates of $13.54 billion and $1.70 per share, respectively. Capacity increased by 14.7% year-over-year, while TRASM decreased by 4.2% and CASM by 0.1%. The average fuel price was $3.13 per gallon. CEO Scott Kirby highlighted the company's achievement of ambitious EPS targets and operational records. United forecasts a Q1 adjusted earnings loss of 35 to 85 cents per share, compared to estimates of a 21-cent loss, and full-year 2024 earnings of $9 to $11 per share, against estimates of $9.58 per share. A conference call is scheduled to discuss the results.
January 23, 2024 | 2:11 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
United Airlines' Q4 earnings and revenue exceeded expectations, with a significant increase in capacity and operational records set. The company's guidance for Q1 indicates a loss, but full-year 2024 earnings are expected to be strong.
The positive earnings report and revenue beat are likely to instill investor confidence in the short term, leading to a bullish outlook for UAL stock. The stock's rise of 6.68% reflects this optimism. However, the forecasted Q1 loss may temper some of the enthusiasm, but the strong guidance for full-year 2024 earnings suggests a positive trajectory, supporting the likelihood of continued investor interest.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100