United Airlines (UAL) Tops Q1 EPS by 21c, Remains Confident in FY EPS Targets
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United Airlines Expects To Deliver Peer-Leading Pre-Tax Margin Growth During First-Quarter 2019
April 16, 2019 4:15 PM EDTCHICAGO, April 16, 2019 /PRNewswire/ -- United Airlines (UAL) today announced that a combination of strong top-line revenue performance and effective cost management led to first-quarter pre-tax margin growth that is expected to lead its peers. The company remains confident that it will deliver on its long-term adjusted diluted earnings per share2 (EPS) targets of $10 to $12 in 2019 and $11 to $13 in 2020.
Reported first-quarter net income of $292 million, diluted EPS of $1.09, pre-tax earnings of $367 million and pre-tax margin of 3.8 percent, expanding pre-tax margin 1.8 points versus the first quarter of 2018. Reported first-quarter adjusted net income of $309 million,... More