United Airlines (NASDAQ: UAL) reported Q2 EPS of ($3.91), $0.32 better than the analyst estimate of ($4.23). Revenue for the quarter came in at $5.5 billion versus the consensus estimate of $5.25 billion.

• Company sees faster than expected revenue recovery

Outlook:

• Expects third quarter 2021 capacity to be down around 26% compared to third quarter 2019, up 39% quarter over quarter.
• Based on current trends, the company expects third quarter 2021 TRASM growth to be positive compared to the third quarter 2019, the first quarter of positive TRASM growth since the second quarter of 2020.
• Expects third quarter 2021 cost per available seat mile, excluding fuel, profit sharing, third-party business expenses, and special charges (CASM-ex)2 to be up approximately 17% compared to third quarter 2019 (includes a 6-point headwind largely driven by lower stage length and lower gauge of our network, including the temporary grounding of 52 Boeing Pratt & Whitney powered 777 widebody aircraft).
• Third quarter 2021 estimated fuel price of approximately $2.17 per gallon.
• Expects third quarter 2021 adjusted pre-tax income1 to be positive, the first quarter of positive adjusted pre-tax income since fourth quarter 2019. Additionally, expects fourth quarter 2021 adjusted pre-tax income1 to be positive.
• Expects 2022 cost per available seat mile, excluding fuel, profit sharing, third-party business expenses, and special charges (CASM-ex)2 to be lower than 2019.

For earnings history and earnings-related data on United Airlines (UAL) click here.