The earnings call for United Airlines Q3 2024 reflects a strong operational performance with record-breaking passenger numbers and significant revenue growth. The company is optimistic about future prospects with a new share repurchase program and recovery in corporate demand. However, challenges remain with external disruptions and pressure from increasing costs. Despite these issues, the overall sentiment is positive due to strategic advancements and financial health.

Company Guidance

During United Airlines' Q3 2024 earnings call, the company provided several key metrics and updates, reflecting its current performance and future outlook. United reported a pretax margin of 9.7% and earnings per share of $3.33, surpassing the high end of their guidance despite challenges such as the CrowdStrike outage. Revenue grew 2.5% year-over-year to $14.8 billion, with consolidated TRASM down 1.6% due to domestic capacity dynamics. United highlighted its strong domestic PRASM growth in August and September, as well as a record-setting third quarter in passenger numbers, notably carrying 552,000 customers in a single day in July. The airline's NPS improved by 5 points year-over-year, indicating enhanced customer satisfaction. Additionally, United announced a $1.5 billion share repurchase program as part of its capital allocation strategy. Looking ahead, they expect further margin expansion, driven by improving domestic yield and corporate demand, alongside a favorable international outlook, particularly in the Atlantic and Pacific regions.

Record-Breaking Passenger Numbers

United Airlines set company records for the most passengers carried on July 4 and Labor Day holidays, with the highest number of customers carried in a day at 552,000 in July.

Operational Excellence

Ranked first in on-time departure and second in on-time arrival among major U.S. airlines for Q3, with best on-time departure in August and September.

Significant Revenue Growth

Top line revenue grew 2.5% year-over-year to $14.8 billion on 4.1% more capacity versus Q3 2023.

New Share Repurchase Program

Board approved a $1.5 billion share repurchase program, indicating strong financial health and confidence in future profitability.

Corporate Demand Recovery

Corporate revenues were up 13% in September, with contracted corporate revenues reaching 95% of 2019 levels, indicating a strong recovery.

MileagePlus Program Success

MileagePlus revenue was up 11%, with active membership up 13% year-over-year and credit card spend reaching new records, up 9%.

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United Airlines Holdings (UAL) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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UAL Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Jan 21, 2025	2024 (Q4)	2.93 / -	2	―	―	―
Oct 15, 2024	2024 (Q3)	3.17 / 3.33	3.65	-8.77% (-0.32)	―
Jul 17, 2024	2024 (Q2)	3.93 / 4.14	5.03	-17.69% (-0.89)	―
Apr 16, 2024	2024 (Q1)	-0.54 / -0.15	-0.63	76.19% (+0.48)	―
Jan 22, 2024	2023 (Q4)	1.69 / 2.00	2.46	-18.70% (-0.46)	―
Oct 17, 2023	2023 (Q3)	3.38 / 3.65	2.81	29.89% (+0.84)	―
Jul 19, 2023	2023 (Q2)	4.03 / 5.03	1.43	251.75% (+3.60)	―
Apr 18, 2023	2023 (Q1)	-0.73 / -0.63	-4.24	85.14% (+3.61)	―
Jan 17, 2023	2022 (Q4)	2.11 / 2.46	-1.6	253.75% (+4.06)
Oct 18, 2022	2022 (Q3)	2.28 / 2.81	-1.02	375.49% (+3.83)	―	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

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UAL Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Oct 15, 2024	$64.05	$72.02	+12.44%
Jul 17, 2024	$46.94	$46.39	-1.17%
Apr 16, 2024	$41.50	$48.74	+17.45%
Jan 22, 2024	$38.45	$40.49	+5.31%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

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