Overview
- United reported second-quarter adjusted earnings of $3.87 per share versus an expected $3.81 and generated $15.24 billion in revenue.
- The carrier moved from its April dual-scenario outlook to a single full-year adjusted EPS forecast of $9–$11.
- CEO Scott Kirby said reduced global uncertainty has bolstered confidence in a strong finish to the year.
- Unit revenue declined 4% year-over-year, driven by a 7% drop in domestic passenger revenue per seat mile and a 2.2% fall in Europe unit revenues.
- FAA flight restrictions at Newark Liberty International Airport cut United’s Q2 pretax margin by 1.2 points and are projected to shave 0.9 points in the third quarter.