United Airways Holdings, Inc. (UAL) reported stable fourth-quarter 2024 outcomes, with each earnings and revenues surpassing the Zacks Consensus Estimate.
Quarterly earnings per share (EPS) (excluding 31 cents from non-recurring objects) of $3.26 surpassed the Zacks Consensus Estimate of $3.01. The underside line elevated 63% on a year-over-year foundation. The reported determine exceeded the corporate guided vary of $2.50-$3.00.
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Working revenues of $14.7 billion beat the Zacks Consensus Estimate of $14.4 billion. The highest line elevated 7.8% yr over yr resulting from upbeat air-travel demand. This was pushed by a 6.9% rise in passenger revenues (which accounted for 90.3% of the highest line) to $13.3 billion. Virtually 44,344 passengers traveled on UAL flights within the fourth quarter, up 6.1% yr over yr.
Cargo revenues grew 29.6% yr over yr to $521 million. Revenues from different sources rose 12% from the fourth quarter of 2023 to $899 million.
United Airways Holdings Inc Value, Consensus and EPS Shock
United Airlines Holdings Inc price-consensus-eps-surprise-chart | United Airways Holdings Inc Quote
United Airways’ chief govt officer, Scott Kirby, said, “United had a singular technique popping out of COVID and our folks have delivered for patrons resulting in a structurally and completely modified business. 2024 was a robust yr throughout the board for United as we have grow to be the main world airline and we enter 2025 with demand tendencies persevering with to speed up which places us on the trail to double-digit pre-tax margins.”
Different Particulars of UAL’s This autumn Earnings
Beneath, we current all comparisons (in % phrases) with the fourth quarter of 2023 figures except in any other case said.
Airline visitors, measured in income passenger miles, grew 6.3%. Capability, measured in obtainable seat miles, expanded 6.2%. Though visitors outpaced capability enlargement, the consolidated load issue (share of seat occupancy) of 82.3% remained flat on a year-over-year foundation, reflecting constant passenger demand for the airline’s companies. Our estimate is pegged at 80.5%.
Consolidated passenger income per obtainable seat mile (a key measure of unit revenues) inched up 0.6%. Complete income per obtainable seat mile elevated 1.6% to 18.77 cents. The common yield per income passenger mile rose 0.6% to twenty.59 cents.
Common plane gas value per gallon fell 23.3% to $2.40. Our estimate is pegged at $2.81.
Gasoline gallons consumed have been up 5.3%.
Working bills (on a reported foundation) elevated 4.5% to $13.2 billion. Consolidated unit price or price per obtainable seat mile (CASM), excluding gas, third-party enterprise bills, profit-sharing and particular expenses, decreased 1.6% to 16.85 cents.
UAL exited the fourth quarter with money and money equivalents of $8.76 billion in contrast with $8.81 billion on the prior-quarter finish. Lengthy-term debt,finance leases, and different monetary liabilities have been $25.2 billion on the fourth-quarter finish.
UAL’s Outlook
For the primary quarter of 2025, UAL expects adjusted EPS within the vary of $0.75-$1.25. The Zacks Consensus Estimate is pegged at 65 cents.
For 2025, UAL expects adjusted EPS between $11.50 and $13.50. The Zacks Consensus Estimate of $12.56 lies throughout the steerage.
For 2025, UAL expects adjusted capital expenditures to be lower than $7 billion.
UAL’s Zacks Rank and Value Efficiency
At the moment, UAL sports activities a Zacks Rank #1 (Sturdy Purchase). You’ll be able to see the complete list of today’s Zacks #1 Rank stocks here.
UAL’s encouraging value efficiency will not be restricted to the post-fourth-quarter earnings launch. Over the previous six months, shares of United Airways have gained 129.2%, outperforming its industry and the S&P 500, of which the corporate is a key member.
Six-Month Value Comparability
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Performances of Different Transportation Firms
Delta Air Strains DAL reported fourth-quarter 2024 earnings (excluding 56 cents from non-recurring objects) of $1.85 per share, which surpassed the Zacks Consensus Estimate of $1.76. Earnings elevated 44.5% on a year-over-year foundation resulting from low gas prices.
DAL’s revenues of $15.56 billion surpassed the Zacks Consensus Estimate of $14.99 billion and elevated 9.4% on a year-over-year foundation, pushed by sturdy vacation journey demand. Adjusted working revenues (excluding third-party refinery gross sales) totaled $14.44 billion, up 5.7% yr over yr. Passenger revenues, which accounted for 82.4% of complete revenues, elevated 5% yr over yr at $12.82 billion.
J.B. Hunt Transport Providers (JBHT) reported fourth-quarter 2024 earnings per share of $1.53, which fell in need of the Zacks Consensus Estimate of $1.62. The underside line elevated 4.1% on a year-over-year foundation.
JBHT’s complete working revenues of $3.15 billion narrowly beat the Zacks Consensus Estimate of $3.13 billion however declined 4.8% yr over yr. The decline was primarily resulting from decrease gas surcharge revenues and yield strain in its Intermodal phase.
JBHT’s fourth-quarter 2024 working revenues of $2.78 billion, excluding gas surcharge income, decreased 2% from the year-ago reported quarter. Complete working earnings for the reported quarter elevated 2% yr over yr to $207 million.
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Delta Air Lines, Inc. (DAL) : Free Stock Analysis Report
United Airlines Holdings Inc (UAL) : Free Stock Analysis Report
J.B. Hunt Transport Services, Inc. (JBHT) : Free Stock Analysis Report
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