Release Date: April 17, 2024
For the complete transcript of the earnings call, please refer to the full earnings call transcript.
Q & A Highlights
Q: With your new CapEx forecast, how are you thinking about deploying that capital? Where do you see the best fit for that going forward?
A: Michael D. Leskinen, Executive VP & CFO of United Airlines Holdings, Inc., responded that the company’s net leverage is back to pre-pandemic levels, and they plan to prioritize paying off high coupon debt, specifically mentioning a $1.8 billion piece of MileagePlus debt due in July. Post this, United aims to reach investment-grade credit metrics, which will provide significant financial flexibility. Further uses of free cash will be revisited later.
Q: On the corporate commentary and strong trans-Atlantic performance, should we infer that corporate was a big driver of the results in 1Q on trans-Atlantic?
A: Andrew P. Nocella, Executive VP & Chief Commercial Officer at United Airlines, Inc., confirmed…