- Adjusted EPS: $4.14 vs. $5.03 y/y, beat the estimate of $3.93.
- Operating Revenue: $14.99 billion, up 5.7% y/y, slightly below the estimate of $15.04 billion.
- Passenger Revenue: $13.68 billion, up 5.2% y/y, slightly below the estimate of $13.74 billion.
- Cargo Revenue: $414 million, up 14% y/y, exceeding the estimate of $376.8 million.
- Other Revenue: $892 million, up 9.6% y/y, surpassing the estimate of $881.4 million.
- PRASM: 17.17 cents, down 2.9% y/y.
- Revenue Passenger Miles: 67.06 billion, up 5.5% y/y, below the estimate of 67.73 billion.
- Average Yield per Revenue Passenger Mile: 20.40 cents vs. 20.46 cents y/y.
- Available Seat Miles: 79.68 billion, up 8.3% y/y, beating the estimate of 78.73 billion.
- Load Factor: 84.2% vs. 86.4% y/y, below the estimate of 85.9%.
- Fuel Consumed: 1.13 billion gallons, up 6.8% y/y, slightly above the estimate of 1.12 billion gallons.
- Average Price per Fuel Gallon: $2.76, up 3.8% y/y, below the estimate of $2.81.
- Full-Year 2024 EPS Projection: Company expects adjusted diluted EPS of $9 to $11.
- Analyst Ratings: 20 buys, 1 hold, 1 sell.
United Airlines Holdings on Smartkarma
Analysts on Smartkarma, like Baptista Research, are closely following United Airlines Holdings. In a recent report titled “United Airlines: Are The Recent Delays & Safety Concerns A Major Factor That Could Slow Them Down? – Key Drivers,” Baptista Research highlighted that during the latest fourth quarter and full-year 2023 earnings, United Airlines’ management team expressed positive sentiments. Despite facing global headwinds, the airline’s performance for 2023 was seen as a clear demonstration of the effectiveness of its United Next plan, supported by diversified revenue streams and strong operational metrics. United Airlines also surpassed expectations by posting full-year EPS above $10, meeting its initial target range.
A look at United Airlines Holdings Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 4 | |
| Dividend | 1 | |
| Growth | 4 | |
| Resilience | 2 | |
| Momentum | 3 | |
| OVERALL SMART SCORE | 2.8 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
United Airlines Holdings Inc, a prominent airline holding company, appears to have a promising long-term outlook based on the Smartkarma Smart Scores. With strong scores in Value and Growth, the company seems well-positioned in terms of financial health and potential for expansion. The high value score reflects a favorable assessment of the company’s undervaluation compared to its intrinsic worth, while a solid growth score indicates positive expectations for future business development. Despite lower scores in Dividend, Resilience, and Momentum, the overall outlook for United Airlines Holdings is optimistic, driven by its robust value and growth prospects.
As an airline industry player with substantial operations both domestically and internationally, United Airlines Holdings Inc has shown resilience amidst challenges. While the company’s lower scores in Dividend and Resilience suggest areas for potential improvement, its strengths in Value and Growth paint a promising picture for the future. The neutral momentum score indicates steady performance without significant fluctuations. Overall, United Airlines Holdings appears well-positioned to capitalize on opportunities for growth and value creation, despite facing some headwinds in terms of dividend payouts and resilience measures.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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