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United Reported $818 Million in Net Profits for the Second Quarter 2017, Nearly 40% Increase Year-on-Year

United Reported $818 Million in Net Profits for the Second Quarter 2017, Nearly 40% Increase Year-on-Year

United Airlines (UAL) announced its second-quarter 2017 financial results.

  • UAL reported second-quarter net income of $818 million, diluted earnings per share of $2.66, pre-tax earnings of $1.3 billion and pre-tax margin of 12.7 percent.
  • Excluding special charges, UAL reported second-quarter net income of $846 million, diluted earnings per share of $2.75, pre-tax earnings of $1.3 billion and pre-tax margin of 13.2 percent.
  • Second-quarter diluted earnings per share increased nearly 50 percent year-over-year; excluding special charges, second-quarter diluted earnings per share increased over 5 percent year-over-year.
  • Delivered the top airline operation among major competitors, including the best completion, on-time arrival and departure performance in the second quarter.

United Fleet at Chicago O’Hare. Photo Credit: United Airlines

Oscar Munoz, chief executive officer of United Airlines, said, “The positive financial and operational performance this past quarter demonstrates that United is firmly on the right path. From investing in our products and our people, redoubling our focus on the customer experience, closing the margin gap with our peers and delivering strong returns to our investors, we have made important progress and moved United decisively forward. No single quarter constitutes a trend and we still have much further to go before we fully realize the potential of this airline and exceed the expectations of our customers. But, we also know that one success begets another and the strong financial and operating performance we posted this quarter adds to the momentum that all of us here at United are determined to build upon.”

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SOURCE United Airlines

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