United Airlines Announces Financial Results – Expects Highest Quarterly Revenue in Company History in Q2
Source: United Airlines First quarter results consistent with company guidance Expects 10% operating margin for Q2; and to be profitable for FY22 Expects Q2 TRASM up about 17% Business and long-haul international bookings accelerating rapidly United Airlines (UAL) today reported first quarter 2022 financial results and announced it expects to return to profitability in the second quarter on a robust operating revenue outlook, including total revenue per available seat mile (TRASM) of approximately 17% over 2019, the strongest second quarter revenue guidance in company history. The company expects to be solidly profitable in the second quarter with an approximate 10% operating margin (on both a GAAP and adjusted basis1), just 2.9 points less than 2019 operating margin and 3.5 points [...]