The company reported pre-tax earnings of $1.7 billion for Q2 2024 (pre-tax margin of 11.6%) and diluted earnings per share of $3.96. Adjusted pre-tax earnings were $1.8 billion (adjusted pre-tax margin of 12.1%), and adjusted diluted earnings per share were $4.14.

1. 01

   The company reported pre-tax earnings of $1.7 billion for Q2 2024 (pre-tax margin of 11.6%) and diluted earnings per share of $3.96. Adjusted pre-tax earnings were $1.8 billion (adjusted pre-tax margin of 12.1%), and adjusted diluted earnings per share were $4.14.

2. 02

   United said total operating revenue for Q2 2024 was $15.0 billion, up 5.7% from Q2 2023. Capacity rose 8.3% over the same period, TRASM fell 2.4%, CASM decreased 4.8%, and CASM-ex increased 2.1%.

3. 03

   The company said it generated net cash provided by operating activities of $2.9 billion and free cash flow of $1.9 billion in Q2. In early July, it voluntarily prepaid the remaining balance of the MileagePlus term loan, totaling $1.8 billion, which carries an interest rate of about 11%.

4. 04

   The company said it is maintaining its full-year 2024 adjusted diluted earnings per share outlook of $9 to $11. It also said it reduced its planned domestic capacity for Q4 by about 3 points compared with its previous plan.

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the opening part of the filing body and confirmed exhibits, within a length limit. This is not a review of other exhibits, investor presentations or the full earnings call.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.