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Despite a challenging macroeconomic environment, United reported a first-quarter profit, with record revenue of $US13.2 billion, and total revenue per available seat mile (TRASM) growth of 0.5% year-over-year.

The company had first quarter pre-tax earnings of $478 million, with a pre-tax margin of 3.6%; and adjusted pre-tax earnings of $391 million, with an adjusted pre-tax margin1 of 3.0%.

United continued to build brand loyalty in the first quarter and saw strong growth across its diversified revenue streams. Premium cabin revenue rose 9.2%, business revenue was up 7.4% and revenue from Basic Economy was up 7.6% year-over-year.

“Our strategy coming out of the COVID pandemic was simple: build the best airline in the world to attract brand-loyal customers. The people of United Airlines have executed and built that airline,” said Scott Kirby, United CEO.

“United Next is on track and we will continue to execute our multiyear plan that has allowed United to thrive in any demand environment.”

Ongoing investments include six additional gates at Chicago O’Hare, expansion at San Francisco and plans to have the fastest Wi-Fi in the sky with Starlink installed on its entire United Express fleet by the end of the year.

https://www.united.com/