United Airlines reports third-quarter net income of US$1.0 billion; raises full-year 2019 guidance

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United Airlines (UAL) has achieved third-quarter diluted earnings per share (EPS) of US$3.99 and adjusted diluted EPS of US$4.07, and raised its full-year 2019 adjusted diluted EPS guidance, with a new range of US$11.25 to US$12.25.

United has reported third-quarter net income of US$1.0 billion, pre-tax earnings of US1.3 billion and pre-tax margin of 11.9%, expanding pre-tax margin 2.3 points versus the third-quarter of 2018.

Third-quarter adjusted net income was US$1.0 billion, adjusted diluted EPS of US$4.07, adjusted pre-tax earnings of US$1.4 billion and adjusted pre-tax margin of 12.1%, expanding adjusted pre-tax margin 2.5 points versus the third-quarter of 2018.

Consolidated third-quarter passenger revenue per available seat mile (PRASM) increased 1.7% year-over-year. Consolidated third-quarter unit cost per available seat mile (CASM) decreased 0.9% year-over-year. Consolidated third-quarter CASM, excluding special charges, third-party business expenses, fuel and profit sharing, increased 2.1% year-over-year.

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