Key Morningstar Metrics for United Airlines Holdings
What We Thought of United Airlines Holdings’ Earnings
United Airlines Holdings UAL reported third-quarter results that exceeded Wall Street’s expectations, outpacing our model for operating earnings by $250 million. Since the third quarter of 2023, UAL’s capacity grew by 4%, while cheap fares shrank unit revenue by 1.6% and its structural costs grew by 6.5%.
Why it matters: Were it not for a decline in…