United Airways Holdings, Inc. (NYSE: UAL) has reported a pointy lower in earnings for the fourth quarter of 2023. In the meantime, the airline firm’s revenues elevated throughout the three months.
The corporate reported a internet revenue of $2.00 per share for the December quarter, on an adjusted foundation, in comparison with $2.46 per share final yr. On an unadjusted foundation, internet revenue decreased to $600 million or $1.81 per share in This autumn from $843 million or $2.55 per share within the year-ago quarter.
Fourth-quarter working revenues elevated 10% year-over-year to $13.63 billion vs. $12.40 billion within the comparable interval of 2022.
“Looking ahead, we expect these trends to continue and United is incredibly well positioned to capitalize on them and to deliver on our short and long-term financial targets,” mentioned the corporate’s CEO Scott Kirby.
