United Airlines (UAL) has reported second-quarter net income of USD 818 million, diluted earnings per share of USD 2.66, pre-tax earnings of USD 1.3 billion and pre-tax margin of 12.7 percent, the company said.
Excluding special charges, UAL reported second-quarter net income of USD 846 million, diluted earnings per share of USD 2.75, pre-tax earnings of USD 1.3 billion and pre-tax margin of 13.2 percent.
Second-quarter diluted earnings per share increased nearly 50 percent year-over-year; excluding special charges, second-quarter diluted earnings per share increased over 5 percent year-over-year.
For the second quarter of 2017, revenue was USD 10.0 billion, an increase of USD 604 million or 6.4 percent year-over-year.
Second-quarter 2017 consolidated passenger revenue per available seat mile (PRASM) was up 2.1 percent and consolidated yield increased 2.0 percent compared to the second quarter of 2016. Cargo revenue was USD 254 million in the second quarter of 2017, an increase of 22.1 percent year-over-year due primarily to higher volumes across the system.
United Airlines and United Express operate approximately 4,500 flights a day to 338 airports across five continents.