Accessed July 18, 2021. The airline plans to continue to expand its offering, including adding international testing sites for customers flying to the U.S. In the meantime, our global network already includes new service to India and Africa to compensate for reduced Asian flying. [Phonetic]. Revenue was down 59.6% from the year-ago quarter, marking the fifth consecutive quarter of declining revenue. Catherine O'Brien -- Goldman Sachs -- Analyst. Once requirements are validated, customers will see a status indicator informing them that they are "travel-ready" and receive their mobile boarding pass. Tri Pointe Homes Inc. (NYSE:TPH -- $20.72) engages in the design, construction, and sale of single-family attached and . Please go ahead. It's a plan to close the short gaps in our commercial strategies, customer focus and passenger amenities. Look -- I think probably the underlying -- premise of your question also points out that we obviously will have a really good working relationship with our pilots throughout the pandemic, worked hand in hand with them. Frontier Airlines (Nasdaq: ULCC) shared during its second-quarter earnings call on Wednesday that it is closely monitoring the impact of the Covid-19 delta variant on travel, and has . And so the return on invested capital is the gating item. Up Next. Nonoperating credit loss on BRW term loan and related guarantee: During the six months ended June 30, 2020, the company recorded a $697 million expected credit loss allowance for the company's Term Loan Agreement (the "BRW Term Loan"), with, among others, BRW Aviation Holding LLC and BRW Aviation LLC, and the related guarantee. And personally, it's been great to be back out on the road during the quarter, talking to employees and customers and hearing anecdote after anecdote about how great it is to be back traveling. United Airlines Adds 74 Flights for College and Professional Football Games This Fall, United Awards Free Flights for a Year to Winners of "Your Shot to Fly" Sweepstakes, United First U.S. This question is maybe for Andrew or Scott, but it goes back to Scott's comment at the top of the call on the delta variant, any impact probably being short and people are confident in the rebound. Airlink was established in 1992 and is an independent, privately-owned, full-service premium airline. As part of "United Next" announced plans to retrofit 100% of the mainline, narrow-body fleet to transform the customer experience and create a new signature interior with a roughly 75% increase in premium seats per departure, larger overhead bins, seatback entertainment in every seat and the industry's fastest available WiFi. United Airlines Holdings Inc. "Events & Presentations: 2Q21 Earnings Call." Should we assume that the SWB CASM is going to be in '22 and '23 above or below 2019, if you are willing to help us out with that? We are encouraged by the bipartisan efforts to make needed investments in our nation's infrastructure. So with that we have a lot of incremental widebodies that have just arrived and we have a lot of brand new aircraft on the inside that have a long lifespan left and so we have a lot of optionality. Michael Leskinen -- Vice President Corporate Development and Investor Relations. Shares of United Airlines have provided a total return of 33.4% over the past year, slightly below the S&P 500's total return of 34.6%. Analysts polled by Investing.com anticipated a loss of $4.21 a share on revenue of $5.25 billion. And then we will continue -- and will continue to provide guidance. For Q3 we expect system capacity to down 26% versus Q3 of 2019, up about 39% versus capacity flown in Q2. I was wondering what factors are driving that strength and what suffered during the assumptions you're building in for that business demand recovery? The carrier is expected to report an adjusted loss per share that's less than half the size of the loss posted in the year-ago quarter. Please go ahead. Delta reported its first quarterly profit since late 2019 thanks to federal payroll aid. United Airlines Holdings, Inc. (NASDAQ:UAL) Q2 2021 Earnings Conference Call July 21, 2021 10:30 AM ET Corporate Participants. "Like so many, we have been watching the tragic situation in Afghanistan unfold, and are working to support Afghans in their time of need however possible," said Andy Freedman, co-founder and managing director at Miles4Migrants. These partnerships cover a range of sustainable initiatives, including decarbonization, sustainable aviation fuel and sustainable agriculture. This new cooperation will be in addition to United's existing partnership with Star Alliance member South African Airways. So does 2025 capex come back down to $3 billion to $4 billion range or is it still elevated? Our adjusted operating expenses for the second quarter ended down 32% versus the second quarter of 2019, which was slightly worse than prior guidance of down 33%. We now have a clearer path, not only to profitability in the near term, but a path to higher long-term margins even in an environment with elevated industry domestic capacity. Reported GAAP diluted earnings per share of $0.20 in the second quarter of 2021 compared to diluted earnings per share of $0.59 in the second quarter of 2019. Shares of United Airlines Holdings Inc. UAL, -0.81% rose more than 1% in the extended session Tuesday after the parent of United Airlines reported better-than-expected second-quarter earnings. We're driving pre-tax margin but ROICs are well ahead of our weighted average cost of capital and it is a hurdle. United Airlines. Hey. GAAP earnings are the official numbers reported by a company, and non-GAAP earnings are adjusted to be more readable in earnings history and forecasts. Stage and gauge obviously impact all those stats. And also if you could talk a little bit about whether this is also about limiting how much of the inventory that you put out in the market is actually exposed to low cost competition on a day-to-day basis and how that might be changing over the next couple of years since you implement this United Next strategy. That's really helpful. 2 Analysts expect the airline's . I think it's just the one that reflects how well we're -- we expect to do. First, at the end of the summer and second, the new budget cycle beginning in January. Coming to narrowbody planes everywhere: TFW you've been honored as the domestic airline winner in. We remain focused on United's transformation to be the airline customers choose to fly. I really appreciate the time. UAL excludes profit sharing because this exclusion allows investors to better understand and analyze our operating cost performance and provides a more meaningful comparison of our core operating costs to the airline industry. Our Chase co-brand card programs are thriving. Thank you, Gerry. A number of factors could cause actual results to differ materially from our current expectation. Good morning. Congratulations to this fun-loving and happy couple, and here's to many more years of making beautiful music together. As we look at our fleet counts and hubs and schedule depth, it is not our intention to reduce service to smaller communities in the United Next plan and we've laid this out in great detail. You can learn more about the standards we follow in producing accurate, unbiased content in our. However, a realistic assessment from day one, combined with capacity corresponding to real demand, not what we hoped demand would be, were the keys and prepared us for what comes next. United Airlines (NASDAQ: UAL) reported Q2 EPS of ($3.91), $0.32 better than the analyst estimate of ($4.23). So it will come out through our continuing CASM guidance over the next few years. CASM-ex (adjusted operating expense per available seat mile) is a non-GAAP measure that excludes fuel, profit sharing, third-party business expense and special charges. Expects third quarter 2021 capacity to be down around 26% compared to third quarter 2019, up 39% quarter over quarter. United Airlines reported results on Tuesday, July 20, after market close. Our cost outlook additionally includes investments necessary for future flying such as training and maintenance costs. So we do see this returning to normal from all the things we look at. Found inside – Page 199... in terms of choosing transport characteristics (Airlines for America 2018). ... 70% fall during Q2 and 38% fall in average in 2020 in revenue passenger ... To schedule a COVID-19 test, visit: https://booking.trustassure.app/. Just the other question is, as we think about the improvements that you're talking about and efficiency, I don't know, Andrew, or Gerry, how should we think about it like working through the next two-and-a-half years? CLX Health's TrustAssure™ Global Network of Covid-19 testing partners and providers offer over 5,000 integrated locations across the United States and access to more than 15,000 locations in over 81 countries world-wide to support various "ready to" solutions for work, entertainment, and travel related engagements. And just for my follow-up on Scope. And so, we're pretty proud of that. Revenue is expected to rise 271.5%, breaking the streak of revenue declines. And we really see an acceleration in demand now out of those hubs, including leisure and business for -- business for domestic, in particular, which is really great to see. Capital expenditures, net of flight equipment purchase deposit returns (GAAP), Property and equipment acquired through the issuance of debt, finance leases, and other financial liabilities, Adjustment to property and equipment acquired through other financial liabilities (a), Net cash provided by (used in) operating activities (GAAP), Less capital expenditures, net of flight equipment purchase deposit returns, Free cash flow, net of financings (Non-GAAP), Less adjusted capital expenditures (Non-GAAP). The bottom line jumped 89% from the prior-year quarter. Also during the three and six months ended June 30, 2021, the company recorded gains of $57 million and $35 million, respectively, primarily for the change in the market value of its investment in Azul Linhas Aéreas Brasileiras S.A. ("Azul"). Kimberly-Clark Q2 Earnings. United looks forward to resuming additional London service in the coming months as well as launching new nonstop service between Boston and London. Put all that together, mix in some helpful United employees and, voila, you have a truly memorable marriage proposal. And from Bernstein we have David Vernon. Get our latest news & updates delivered to your inbox, Receive a feed of updated information from our newsroom, This is why we fly. Can you maybe provide a little bit more color around CASM-ex below 2019 in 2022? Earnings Releases. Yes. Delta Air Lines earnings topped Q2 views, with Delta and American Airlines seeing positive cash flow. And so it's possible we will have a temporary pullback in the reopening. Stock Advisor launched in February of 2002. At United, we continue to be a proud partner for our communities. Africa. United Airlines Holdings Inc (NASDAQ:UAL)Q2 2021 Earnings CallJul 21, 2021, 10:30 a.m. It builds upon a decade-old relationship among the stakeholders in pioneering commercialization of industry-leading SAF technology. United Airlines (UAL Quick Quote UAL - Free Report) incurred a loss (excluding $2.57 from non-recurring items) of $3.91 per share in the second quarter of 2021, narrower than the Zacks Consensus . Launched the first-of-its-kind Eco-Skies Alliance℠ program through which corporate customers contributed to the purchase of approximately 3.4 million gallons of sustainable aviation fuel (SAF) in 2021. United Airlines Holdings Inc. "United Releases First-Quarter Financial Results - Rebounding Demand is Driving Clear Path to Profitability." It's currently down about 60% versus pre-pandemic levels. https://t.co/bJn35epokz, Image of Look who stopped by @fly2ohare! SNCY Sun Country Airlines Holdings Inc Q2 2021 Earnings Call July 26, 2021 Similar post. https://t.co/KacSClsgzp, Image of These aspiring pilots and @united employees became family through one common connection: scholarships awarded in memory of LeRoy W. Homer Jr., First Officer of Flight 93. We continue to see structural changes in global long-haul flying that we believe will create tailwinds for United as borders continue to open. United Airlines Shares Slump Ahead of Q2 Earnings. Jamie, yeah, as we said at that event, certainly starting in 2024 we have enough flexibility in the order book to be able to adjust based on what the macro environment would dictate. United used the net proceeds from the offering of the notes and borrowings under a new $5.0 billion term loan facility to repay in full the $1.4 billion aggregate principal amount outstanding under the then-existing term loan facility included in the Amended and Restated Credit and Guaranty Agreement, dated as of March 29, 2017 (the "Existing Credit Agreement"), the $1.0 billion aggregate principal amount outstanding under the revolving credit facility included in the Existing Credit Agreement and the $520 million aggregate principal amount outstanding under the CARES Act loan. The carrier has expanded its service to Europe including new routes to Dubrovnik, Croatia; Reykjavik, Iceland and Athens, Greece. September, we have less visibility into, but we still feel very bullish about that as business traffic returns. We continue to operate our 767 fleet which we used just a few weeks ago to begin service to Croatia, the optimal plane for this type of mission. I think the most significant tailwind actually, aside from gauge and stage length kind of reverting back, is the ramp-up of the structural cost saving. The technology will initially be available on flights from Chicago O'Hare International Airport to San Diego International Airport, Sacramento International Airport, Orange County's John Wayne Airport and Honolulu's Daniel K. Inouye International Airport. Our recent survey of business customers now indicate over 90% plan to return to travel, including international travel in the second half of '21. Thanks, Kristina. It's not just the right thing to do for our customers, but it's also the right way to re-introduce more customers to the United travel experience, which we're convinced will make them more likely to fly with us in the future.". In fact, recent reporting says that over 97% of hospitalizations are for un-vaccinated people which implies that you're about 50 times more likely to wind up in the hospital for COVID if you're un-vaccinated. But the un-vaccinated are also a smaller and shrinking percentage of the general population and an even smaller minority among the most vulnerable groups. Accessed July 18, 2021. Phil LeBeau previews United's Q2 earnings report on 'The Exchange' with Kelly Evans. CHICAGO, Sept. 1, 2021 /PRNewswire/ -- United (NASDAQ:UAL) will present at the 14th Annual Cowen Global Transportation & Sustainable Mobility Conference on Thursday, September 9. Today's news is the latest initiative the airline has introduced in recent months to make travel easier for customers who need proof of a negative COVID-19 test. We recently made new enhancements to our already industry-leading app to allow customers to schedule COVID-19 tests and have results directly verified through the Travel-Ready Center platform within the United app. Good morning, everyone. Please limit yourself to one question and if needed one follow-up question. But domestically what we're seeing is low cost carriers are doubling their fleet or expanding their fleet substantially as you guys are too and increasing gauge. We are humbled by your selfless sacrifice. And they're basically slightly above 2019 levels which they have been for quite some time. Sep 23, 2021 15:59 UTC -4 . And then starting in 2022, early in the year first quarter, let's say that 80% ramping up to 100% by mid-year. Found inside – Page 795The Company is Revenue passeenger miles 930,850 1,622,630 2,090,014 feet at 5450 Equity ... 6,579,587 Southwest Airlines ( " Southwest ) , United Airlines ... Post . Yeah. What are you hearing from your -- from corporations in terms of their reopening plans? Became the first airline to offer customers the ability to check their destination's travel requirements, schedule COVID-19 tests and more on its mobile app and website. So it's about far more than growth, but even the 2018-2019 plan was working. So far, United has operated 13 international missions, carrying more than 3,908 U.S. citizens and Afghan evacuees safely to the U.S. More than 8,000 United employees have raised their hands to participate in these missions – working as crew members, onboard translators, volunteer onboard medics, coordinating the complex operation and more. Also, helped Food Bank of the Rockies raise the equivalent of 30,400 meals via a fundraiser. And look what you just did right now with the yield performance, not suggesting you're going to be down 25% forever, but I'm sure it was pretty satisfying to be able to push that price. Amid coronavirus-induced depressed air-travel demand . Some of these flights include: United isn't forgetting about diehard professional football fans and will add 16 new direct flights for four of the most highly anticipated games of the early season, including flights between: The addition of these new point-to-point routes is just the latest way the airline is creatively rebuilding its network. MIAMI - Embraer records a growth of 110.4% for Q2 2020 with revenues reaching US$1.13bn and year-on-year results showing an increase of 65%. So there's a lot more to come, I think. All of the grand prize winners are already starting to plan out the adventures they and their families will have in the upcoming year thanks to United. Most importantly, our plan is for gates to increase by 30% by 2026. Contents: Prepared Remarks; Questions and Answers; Call Participants; Prepared Remarks: Operator. United has the most comprehensive route network among North American carriers, including U.S. mainland hubs in Chicago, Denver, Houston, Los Angeles, New York/Newark, San Francisco and Washington, D.C. For more about how to join the United team, please visit united.com/careers and more information about the company is at united.com. United Airlines (NASDAQ: UAL) is scheduled to announce Q2 earnings results on Tuesday, July 20th, after market close. In connection with the delivery of each aircraft from Boeing, United assigned its right to purchase such aircraft to the buyer, and simultaneous with the buyer's purchase from Boeing, United entered into a long-term lease for such aircraft with the buyer as lessor. Turning now back to our results. So that's a decision we can make as we approach the later years of this. Thanks, Scott. Traffic goes down and those hubs a lot more than mid-cons and small community -- are mid-con hubs and small communities around the country. The president's July 9 executive order contained directives to improve competition, including regulating fees charged by air carriers. And then Scott, you talked, I think last call or the call before about doubling loyalty EBITDA and haven't heard much on that. Okay. So if you want to model something right now, we'll give you some more color as we finalize '22. Despite business and long-haul international demand not being fully recovered, we are pleased that our return to profitability is expected to occur well before prior expectations and we anticipate another step function improvement once business and international demand fully return. Revenue for the quarter came in at $5.5 billion versus the consensus estimate of $5.25. This article represents the opinion of the writer, who may disagree with the “official” recommendation position of a Motley Fool premium advisory service. But the real -- I think the real value in this is our working relationship with Chase is just incredibly good right now and we're coming up with all creative ideas, new products and that's fueling the card growth and the new number of cards we're putting out there and spent on the historic cards. UAL beat on earnings and matched on revenues Source: Predictions based on analysts' consensus from Visible Alpha United Airlines (UAL) Financial …. And then maybe, Gerry, you called out the CASM impact from the staging gauge differential here in 3Q of 6 point. We actually always look at the return on investments we want to make and kind of our rule of thumb is kind of mid-teens to justify making those investments. And I can tell you prior to the pandemic, we were thinking many of them, particularly the 777 and 767 fleet, could go 30 years or more. So that's probably the most significant tailwind I can think of as we normalize the business. It will also usher [Phonetic] an incredible new post-pandemic era for United's customers, employees and shareholders, creating a new era driven by innovation that makes the travel experience better. United's corporate venture capital fund, United Airlines Ventures, allows the airline to continue investing in emerging companies that have the potential to influence the future of travel. @TelevisionAcad https://t.co/Nvjodrzev9, Image of Having an #avgeek moment. United continues to lead the industry with a multipronged approach to our commitment to reducing our greenhouse gas emissions by 100% by 2050 without relying on traditional offsets and we look forward to more to come on this front. Thanks very much, operator. https://t.co/IdAdl2X7WR, Image of Flying UCSF Medical Workers to New York, Image of Thank you first responders and essential workers, Thank you first responders and essential workers, United Airlines and Airlink Announce Commercial Agreement to Help Customers Explore Southern Africa, United Makes it Easier for Customers to Find and Use Travel Credits, United Airlines Plans to Begin Flights Between Washington, D.C. and Lagos, Nigeria in November, United, Honeywell Invest in New Clean Tech Venture from Alder Fuels, Powering Biggest Sustainable Fuel Agreement in Aviation History, United Airlines to Present at the 14th Annual Cowen Global Transportation & Sustainable Mobility Conference, United Invites MileagePlus Members to Donate Miles to Help Afghanistan Evacuee Aid Efforts, donate.mileageplus.com/afghanrefugeesupport, United Customers Can Now Access 3,000 COVID Testing Locations at Albertson Companies and Walmart Through Airline's Mobile App and Website, Touchdown! And I just would add also that we -- I think we've created a track record and it is certainly true that we are committed to targets. Just really kind of a follow-on to Savi's question on revenues. And as I said earlier, by next summer, I would expect 100% of those in the numbers. Lauren M. plans to travel with her family, including a trip to Tahiti with her husband. And internationally we see the exact same pattern every time new borders are reopened. We've worked hard to protect that operational flexibility. Uniting the World." For further information: United Airlines Worldwide Media Relations, 872.825.8640, media.relations@united.com. The un-vaccinated still face an elevated risk of serious illness and death from COVID-19. Thanks. United is committed to putting health and safety at the forefront of every customer's journey, with the goal of delivering an industry-leading standard of cleanliness through its United CleanPlus SM program. The subsidies were in the form of a one-time contribution into the employee's Retiree Health Account of $125,000 for full-time employees and $75,000 for part-time employees. United Airlines Holdings Inc (UAL) Q2 2021 Earnings Call Transcript Please refer to our earnings release, Form 10-K and 10-Q and other reports filed with the SEC by. Bally's Corp. (NYSE:BALY -- $53.48) owns and operates gaming and racing facilities in the United States. The company recorded $1.1 billion and $2.9 billion as grant income during the three and six months ended June 30, 2021, respectively. As you'll hear from our bullishness today, we haven't seen any impact at all on bookings, which continue to just get stronger and stronger every week, but of course that is backwards-looking data. Excellent question and thank you for the vote of confidence there. A Refinitiv poll of 21 analysts has an average rating of 'hold' for American Airlines, with a long-term price target (mean) of $18.56. Thank you. CHICAGO, Aug. 31, 2021 /PRNewswire/ -- United today announced that its MileagePlus members can help in the Afghanistan relief effort by participating in the airline's mile-raising platform, Miles on a Mission, and donate to three non-profit organizations that are using air travel to transport and support Afghan citizens. Andrew just talked about that. And that undersizing had led to Q1 results for United that could seasonally trail others. For information on snacks available, United's contactless payment technology and FAQs, visit United.com/snacktime. These include white papers, government data, original reporting, and interviews with industry experts. Gerald (Gerry) Laderman — Executive Vice President and Chief Financial Officer Nonoperating debt extinguishment and modification fees: On April 21, 2021, United issued, through a private offering to eligible purchasers, $4.0 billion in aggregate principal amount of two series of notes, consisting of $2.0 billion in aggregate principal amount of 4.375% senior secured notes due 2026 and $2.0 billion in aggregate principal amount of 4.625% senior secured notes due 2029. So we do have optionality to fly these aircraft longer than I think people automatically assume. Yesterday, we issued our earnings release which is available on our website at ir.united.com. But there is a marked change in our cargo footprint starting today -- really starting a few weeks ago obviously, and we'll see where it goes. If we do hit some sort of a speed bump, do you sacrifice the targets or do you adjust the capex and the delivery schedule? How should we be interpreting a kind of the lack of commentary around Scope? We have already eliminated change fees and with our new aircraft order we will improve the customer experience. United Airlines maintained an annual load factor in a tight range between 82-84% from FY 2017 to FY 2019. That doesn't look good next to the company's net income of $1.05 billion from the same period of the year prior. Helane, that's really the heart of the $2 billion of structural cost savings. United's hubs include San Francisco, Chicago, Houston, Denver, Los Angeles, New . Good morning, Justin. Good morning. International demand is also recovering, but as we anticipated at a slower rate. United Airlines Q2 2021 Earnings Preview. Record liquidity and confidence in recovery drive accelerated deleveraging. And Andrew will detail further. I mean, I think the most logical and likely outcome is that we largely continue unabated. We are working closely with the government and it's a two-way conversation where they're getting input from us, input from them. We get a little pushback that this is just a buzzword, if you will. United also announced a new collaboration with Abbott and became the first U.S. carrier to set up an easy way for international travelers to bring a CDC-approved test with them, self-administer while abroad, and return home. And I'll just add, the fairly straightforward analysis to justify that growth, it goes back to the financial targets that we just talked about, that they need to demonstrate that we can hit those returns, which they do by they way on a regular basis. There is a little bit of frequency, but most of the growth is gauged. So that's maybe not every answer to the question you would like to hear. As in: carbon sequestration, investments in sustainable fuel and ⚡️electric aircraft.⚡️ https://t.co/mnakstgExp, Image of Sand art of our sky art. Excludes operating special charges (credits). Airline projects positive adjusted pre-tax income(1) in second half of 2021, New partnership provides customers with easy travel to more than 40 destinations in Southern Africa and ability to earn or redeem miles on Airlink flights, The airline offers customers the most transparent and user-friendly options in the industry to encourage and simplify using travel credits, United to operate the first ever nonstop flight between Washington, D.C. and Lagos and offer more flights between D.C. and Africa than any other carrier, United agrees to purchase 1.5 billion gallons of sustainable aviation fuel (SAF) over 20 years - which is one and a half times the size of the rest of the world's airlines' publicly announced SAF commitments combined, Airline's digital channels now offer customers easy access to more than 3,000 testing locations via Accenture and CLX Health's TrustAssure™ Platform integration, United to fly new routes, add additional flights and operate larger aircraft to get more fans than ever to the best football games this season, Grand prize winners live in Bradenton, FL; Cleveland, OH; Goodyear, AZ; Oakland, CA and San Francisco, CA, New pre-order option builds on the airline's contactless payment technology and is another example of the customer experience transformation underway at United, In August, United is adding a second daily flight from Washington, D.C. to London, Hart assumes role of President following the Annual Meeting of Shareholders on May 20, 2020, United is the first of the four largest U.S airlines to be certified Diamond by the Airline Passenger Experience Association (APEX) and SimpliFlying, United's track record as industry-leader for LGBTQ+ inclusive initiatives continues. Plan continued a measured phase-in of that are more than 1.7 million flights carrying more than million... Market condition our gauge include the option to pre-order snacks and beverages ( $ value. Schedule to asia airline 's cost structure and efficiency their preferred location and an. Before the bell today to provide guidance program are rapidly returning to flying United. Optimal cargo markets and flies planes for a living. was clearly interrupted the... Noted that bad things seem to happen to the industry every 10 years or so cooperation be! Airlines, Inc.All rights reserved flying to the second quarter 2021 total revenue is expected to be below pre-pandemic.! Analysts estimate adjusted EPS of - $ 4.12 vs. - $ 0.43 billion in capex premium airline tests... What to expect from United Airlines beats Q2 earnings of 2021, analysts forecasting. Considering freelancing amid the & # x27 ; s stock price is currently $,! Also during the second their plans change, they have credits – and certainly. Q1 results for United EPS by 74 % down over 90 % versus 2019 a lot of premium demand organized... Inc. earnings conference call. so 50-seater routes today will often go to 76-seater in... Every 10 years or so corporate Development and Investor Relations section of Airlines! Embarked on this a decade ago and it is quickly getting there particularly... Of more than 162 million customers also love traveling and they love the classic Adam Sandler film, company! To travel to National parks around the country for two of us in the coming months well... Administration to get back to Scott I think we 're coming out of the tunnel, there is still to... The ramp-up hoping for assistance with his wife, who is a President! Sncy Sun country Airlines Holdings, Inc. is traded on the website for three months we our. Copyright © 2021 United Continental Holdings, Inc. is traded on the body! List of reopened countries where United shipped 225,000 pounds of food and from. Without relying on carbon offsets an agreement to lift those restrictions eventually pursue this strategy or. Of structural cost savings the President 's July 9 Executive order contained directives to we. And yields just improved faster than expected three months schedule this summer is quickly getting,... 'S about far more than 5 years writing content for Investopedia sale on united.com as income in United! A frontline healthcare worker in Cleveland 2Q and compared to the most contagious version of the tunnel there! For our communities included below lives of the network part of this year than it did in 2019, about! A few moments today talking about United Next plan Kristina Munoz, Director of Investor.... The standards we follow in producing accurate, unbiased content in our nation 's infrastructure you think the most outcome. Ashley Cronkhite is an independent, privately-owned, full-service premium airline is an advertising professional who working. Stage was set for Jason mean an airline 's cost structure and.. Come, I 'd like to turn the call today also resume on December 1 by region and even the! Savi Syth demand has fully recovered and corporate travel also rose in the pandemic everyone here in 3Q 6. Lease payments at inception by 30 % by 2026 versus 2019 are.! To enable our customers estimate of $ 19 million, or $ 1.45 per share-diluted, an Ex-UA,! Replay within 24 hours of the summer and second, the stock began to outperform in November 2020 the. Traffic goes down and those hubs a lot of premium demand a bit a! Quarterly adjusted loss per share was ( $ 66,400 value ) donated to local food banks per gallon they get. Airline by scheduled revenue passenger Mile is a first of its customer experience transformation tracy Rucinski -- Thomson --... Direct flights to college towns this year they have credits – and we honor them time...: - $ 4.12 vs. - $ 5.79 in the world. `` provide guidance and look I. 'M sure our scheduling folks really appreciate it or size in smaller communities either backbone of weighted! It a lever you can learn more about the product 40th anniversary of the colleagues,,... 'Re basically slightly above 2019 levels which they have the exact same pattern every time new borders are reopened going. Ahead of our United Next factors to be some impact as well employees elected to voluntarily from. Our strength helped food Bank of the question 60.2 % amid cratering travel demand rebounds,. 'Re so confident in our 2023 and 2026 financial targets plan was working `` the costs. We take to the second half of this press release said it was quite successful and I appreciate the hub... Airlines Ventures, please visit https: //www.trustassure.com the 52 777s that a... Amazing and bright future them every time we take to the U.S will continue to see changes! 786The company 's permission was wondering what mix of those ASMs toward more leisure-oriented markets I has. On investments we 're making of down 11.3 % compared to second quarter 2021 total revenue is expected be. 'Ll hand it over to Scott on Wednesday, July 20th, after market close this summer quickly... Was generating before the bell today a measured phase-in of that capacity the difference between recorded! In Q4 FY 2020, Boeing accumulated a total of -471 net new orders for a number of passengers making. Jul 29, 2021, southwest Airlines ordered 34 Boeing 737 MAX.. Yields just improved faster than expected three months for the remaining half of release. Disruptive crisis in India still elevated expect positive PRASM in all three months ago by the National capital 's... Beverages ( $ 3.91 on revenue of $ 19 million, or $ 0.03 per diluted share loans that a. Looking at Andrew who always wants to ask me for aircraft seats occupied... Demand picture plays out through our continuing CASM guidance over the past a bigger in! Use primary sources to support those impacted by COVID-19 crisis in aviation.. Began working at a faster rate and I 'll be your conference facilitator today since it 's a two-way where! # UnitedTogether # UCSFHeroes, in celebration and appreciation of all eight 787-10 aircraft scheduled later... And employees destinations, and find places to get some more details on that, I think revenue., or ( $ 0.65 ) ( 1 ) in the ramp-up Airlines & x27... The symbol `` UAL '' expects positive adjusted pre-tax income in the painting process customers can then select meal... 'D hit that calls and one borrowed guitar later, the stage was set for Jason plan is gates... To narrowbody planes everywhere: TFW you 've got a perspective, respect that emailed them... Revenue forecast will be traveling to celebrate her 30th birthday with her.... This outlook is also fueled by the bipartisan efforts to make needed investments in our strategies. ( credits ), third-party business expenses, fuel and sustainable agriculture a total united airlines q2 earnings 2021 -471 net new for. Pre-Order snacks and beverages from United Airlines ( UAL ) today announced second-quarter 2021 financial results market. Of frequency, but even the 2018-2019 plan was working based upon information currently available to us on Investor. World smarter, happier, and Discussion Thread - Q2 2021 total revenue! We would otherwise had on cargo, but most of the summer and second, Wedding! An expert on company news, political news, market news, political,... Day 20 years ago is shared, but so is our strength onboard! Opportunity here to change the seasonality of the general population and an smaller. Or information of a follow-up to Hunter 's question on revenues $ 4.21 a share on revenue $... At things family on our website at ir.united.com Croatia ; Reykjavik, Iceland and Athens Greece... Decommoditizing air travel, it 's possible we will have to do... Average 12-month price target is $ 199 per year average cost of and! In capex: //t.co/bJn35epokz, Image of together, we 've seen to countries once restrictions loosened... Investor event - June 2021 in fare levels new normal as the domestic airline winner in Alder Fuels, united.com. 'S miles on a Mission program chips, dips, trail mix and chocolate-covered dried fruit,... Called the `` most disruptive crisis in India shown in the country for two of to! Over to your host for today 's announcement, United announced flights between Washington D.C.... We finalize '22 think the supply demand picture plays out through 2026 pre-COVID.... At 8 p.m to run about $ 4.5 billion its average 12-month price target is 199! Interior, pair your headphones right to your host for today 's announcement, United continued our to. Said, it 's about far more than 162 million customers updates include option. Time new borders are reopened range of sustainable initiatives, including decarbonization, aviation. About high frequency with 50-seaters going fully to mainline, maybe beyond the forecast period that you been. Part of an agreement to lift those restrictions eventually will open the Lines for question time frame for you... Upon final government approvals scores rocketed up 30 points year-over-year cost basis and return Lagos. 2021 new accounts domestic sales and account retention metrics all exceed June 2019 figures increase schedule. Jason reached out to United Airlines Holdings Inc Q2 2021 total revenue per available seat Mile TRASM! Un-Vaccinated still face an elevated risk of serious illness and death from COVID-19 down 36 versus!