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May 20, 2024
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United Airlines reported a $2.618 billion net profit for 2023, up from $737 million in 2022. At 165 million, the airline carried the highest-ever number of passengers in its history and had a strong December month. In its outlook for Q1 this year, United is more prudent and expects revenues to be up and earnings per share down by $0.85 to $0.35 cents, it said on Monday. 

Full-year diluted earnings per share were $7.89 or adjusted $10.05, which was better than the $10 to $12 targeted at the start of the year. “Despite unpredictable headwinds, we delivered on our ambitious EPS target that few thought possible – and set new operational records for our customers,” CEO Scott Kirby says in the earnings release.

 


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Richard Schuurman
Active as a journalist since 1987, with a background in newspapers, magazines, and a regional news station, Richard has been covering commercial aviation on a freelance basis since late 2016. Richard is contributing to AirInsight since December 2018. He also writes for Airliner World, Aviation News, Piloot & Vliegtuig, and Luchtvaartnieuws Magazine. Twitter: @rschuur_aero.