Reading Time: < 1 minute United Airlines (UAL) reported third-quarter net income of US$637m, pre-tax earnings of approximately US$1.0bn and pre-tax margin of 9.9%. Excluding special charges, UAL reported third-quarter net income of US$669m, pre-tax earnings of US$1.0bn and pre-tax margin of 10.4%. UAL repurchased US$556m of its common shares in the third quarter, bringing the year-to-date share repurchases to […]

Reading Time: 4 minutes The Company’s operating and financial information is presented, except where otherwise stated, on a consolidated basis in United States dollars (US$) in accordance with IFRS. The financial data presented is for the quarters ended March 31, 2016 (1Q16), December 31, 2016 (4Q16) and March 31, 2017 (1Q17), are derived from the unaudited financial statements, except […]

Reading Time: 2 minutes Chicago-based United Airlines parent United Continental Holdings reported a third-quarter net profit of $965 million, down 80% from a net income of $4.8 billion in the 2015 September quarter. According to United’s third-quarter performance report, in 2015, “after considering all positive and negative evidence, the company concluded that its deferred income taxes would more likely […]

Reading Time: < 1 minute Delta Air Lines (DAL) reported financial results for the September 2016 quarter. Adjusted pre-tax income for the September 2016 quarter was US$1.9bn, a US$278m decrease from the September 2015 quarter. The technology outage and subsequent operational recovery Delta experienced over four days in early August reduced pre-tax income for the quarter by an estimated US$150m. […]

Reading Time: < 1 minute Southwest Airlines earned net income of $2.18 billion in 2015, up 92% over a net profit of $1.14 billion in 2014, marking the Dallas-based carrier’s 43rd straight year of profitability. The annual net profit was the best-ever reported by the company—the second straight year it has posted a record net profit. CFO Tammy Romo called […]