What's Going On With United Airlines Stock Thursday?

United Airlines Holdings, Inc. UAL shares are trading higher on volatility following the company’s Q2 earnings report.

What Happened: On Wednesday after the market closed, United Airlines reported adjusted EPS of $4.14 beating analyst estimates of $3.95 for the 2024 fiscal-year second quarter.

The company reported sales of $14.98 billion missing analyst estimates of $15.09 billion.

United also issued guidance for the 2024 fiscal year. The airline company expects adjusted EPS to be between $9 and $11 versus analyst estimates of $10.04. During the company’s earnings conference call, a United Airlines executive stated that based on current published industry data expect the full year adjusted EPS to be at the lower end of the aforementioned range.

The total revenue per available seat mile (TRASM) decreased by 2.4%, and the cost per available seat mile (CASM) declined by 4.8%. United’s capacity increased by 8.3% year-over-year.

United shares were lower yesterday after hours. American Airlines Group, Inc. AAL shares were also trading yesterday after hours in sympathy with United. Currently, American Airlines shares are still trading lower.

Related Link: Alaska Airlines Reports Mixed Q2 Results And Cautious Q3 Outlook, Enhances Premium Services

UAL Price Action: United Airlines stock is trading 1.43% higher at $47.61 at the time of writing per data from Benzinga Pro.

Image: Courtesy of United Airlines