UAL
UAL fundamentals
Key Takeaways:\n- Revenue Growth: Q3 revenue rose 2.6% to $15.2 billion, with premium cabins outperforming main cabins by 5 points.\n- Cost Efficiency: CASM-ex decreased 0.9%, driven by operational improvements and strategic investments.\n- Earnings Outlook: Full-year EPS expected to grow, with Q4 guidance of $3 to $3.50, positioning United as the only airline to grow earnings in 2025.\n- Strategic Adjustments: 2026 summer schedule will reduce peak capacity by ending the season a week early and cutting Red Eye flights by 15%.\n- Loyalty Program Expansion: Targeting a doubling of loyalty program EBITDA by the end of the decade through personalized experiences and technology.\n- Operational Excellence: Industry-leading on-time performance and lowest cancellation rate in a decade, supported by advanced tools and employee engagement.
