United Passenger Traffic Doubles to 29.3 Million, Estimates Return to Profitability
- Scott Peters
- U.S.A. New York City
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Passenger Revenue per Available Seat Mile in the quarter increased to 11.92 cents from 7.63 cents a year ago but below 13.29 cents in the first quarter of 2019.
United Airlines said first quarter 2022 revenues increased 134% to $7.57 billion, net loss was nearly flat at $1.57 billion, and diluted loss per decreased to $4.24 from $4.29 a year ago.
First quarter revenues are still 21% lower than the two-year ago period prior to pandemic. Airline at the end of the quarter had $20 billion and net debt declined by $700 million. Passenger load factor jumped to 72.6% from 56.8% a year ago but still below 80.9% in the first quarter in 2019.
United Airlines (UAL) 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 basis ), just 2.9 points less than 2019 operating margin and 3.5 points less than 2019 adjusted operating margin, despite cost headwinds driven by the recent fuel price spike.
Annual Returns
| Company | Ticker | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| United Airlines Holdings Inc | UAL | -3% | 138% | -7% |