United Airlines (NASDAQ: UAL) reported Q4 EPS of ($1.60), $0.48 better than the analyst estimate of ($2.08). Revenue for the quarter came in at $8.19 billion versus the consensus estimate of $7.99 billion.

Outlook4

• Expects first quarter 2022 capacity to be down 16% to 18% versus first quarter 2019.5
• Expects first quarter 2022 total operating revenue to be down 20% to 25% versus first quarter 2019.
• Expects first quarter 2022 CASM-ex1 to be up 14% to 15% compared to first quarter 2019.
• Estimates first quarter 2022 fuel price of approximately $2.51 per gallon.6
• Now expects full year 2022 capacity to be down versus 2019.5
• Now expects full year 2022 CASM-ex1 to be higher than 2019.
• Expects 2022 adjusted capital expenditures to be around $4.2 billion, plus approximately $1.7 billion in 2021 deferred capital expenditures mainly due to the timing of certain aircraft deliveries delayed to 2022, for a total of $5.9 billion.
• Remains on track to achieve long-term financial targets from United Next plan.7

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