Company news: United Airlines (UAL) quarterly earnings beat analysts’ expectations

United Airlines (UAL) reported Q2 FY2024 earnings of $4.14 per share (versus $5.03 per share in Q2 FY2023), beating analysts’ consensus estimate of $3.93 per share.

The company’s quarterly revenues amounted to $14.986 bln (+5.7% y/y), missing analysts’ consensus estimate of $15.039 bln.

The company also reaffirmed EPS guidance for FY2024 of $9.00-$11.00 versus analysts’ consensus estimate of $9.75.

UAL rose to $ 47.68 (+1.58%) in pre-market trading.