United Airlines (UAL) Today Announced Third Quarter 2018 Financial Results
October 17, 2018
On October 16, 2018 the company announced its third-quarter 2018 financial results, reporting third quarter net income of $836 million, diluted earnings per share of $3.06, pre-tax earnings of $1.1 billion and pre-tax margin of 9.6 percent. Tropical storms across the system are estimated to have reduced diluted earnings per share by approximately $0,07. Third quarter diluted earning per share increased 42% year over year. The company recaptured approximately 100% of its year over year fuel expense increase in the third quarter.
Citing our growth plan, which produced double digit revenue growth, as essential to our success, Oscar Munoz pointed to our “stand out third quarter performance” as another reason for confidence that we will together achieve our ambitious adjusted earnings per share target of $11 to $13 we laid out for 2020.
All of the details on our 3rd quarter financial results are available on the company’s website.