What Drove A 3.5x Rise In United Airlines' Profits In 2023? [Forbes]
United Airlines Holdings, Inc. (UAL)
Last united airlines holdings, inc. earnings: 4/30 04:30 pm
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Source: Forbes
saw its net income surge by 3.5x y-o-y to $2.6 billion in 2023. This can primarily be attributed to higher revenues, and lower fuel costs. In this note, we discuss United Airlines' margin profile along with its stock performance lately. Firstly, let us look at United Airlines' stock performance. UAL stock has witnessed gains of 15% from levels of $45 in early January 2021 to around $53 now, vs. an increase of about 40% for the S&P 500 over this roughly three-year period. However, the increase in UAL stock has been far from consistent. Returns for the stock were 1% in 2021, -14% in 2022, and 9% in 2023. In comparison, returns for the S&P 500 have been 27% in 2021, -19% in 2022, and 24% in 2023 — indicating that UAL underperformed the S&P in 2021 and 2023. In fact, consistently beating the S&P 500 — in good times and bad — has been difficult over recent years for individual stocks; for heavyweights in the Industrials sector including GE, CAT, and RTX, and even for the megacap stars
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News
- American Air Suspends Training for New Pilots Through Year End [BNN Bloomberg (Canada)]BNN Bloomberg
- A Malaysia Airlines Boeing plane was seen with its engine ablaze, a midair mishap that forced the flight to turn around [Business Insider]Business Insider
- A United Airlines Airbus jet had to turn around after a piece of its engine lining fell off during takeoff [Business Insider]Business Insider
- 10 most popular girls' trips for summer 2024 announced: See these top travel destinations [FOX Business Network]FOX Business Network
- I Travel To Italy At Least Once A Year. Here's Why I Won't Go Without My Chase Sapphire Reserve [Forbes]Forbes
UAL
Earnings
- 4/16/24 - Beat
UAL
Sec Filings
- 5/31/24 - Form S-8
- 5/29/24 - Form 8-K
- 5/28/24 - Form 4
- UAL's page on the SEC website