United Airlines reports Q1 2018 performance



United Airlines (UAL) has announced its first-quarter 2018 financial results, the company said.

UAL reported first-quarter net income of USD 147 million, diluted earnings per share of USD 0.52, pre-tax earnings of USD 184 million and pre-tax margin of 2.0 percent.

Excluding special charges and mark-to-market adjustments, UAL reported first-quarter net income of USD 143 million, diluted earnings per share of USD 0.50, pre-tax earnings of USD 179 million and pre-tax margin of 2.0 percent.

UAL has repurchased USD 747 million of its common shares year-to-date through April 16, 2018, representing approximately 4 percent of its shares outstanding as of year-end 2017.

Consolidated passenger revenue per available seat mile (PRASM) increased 2.7 percent year-over-year.

Consolidated total revenue per available seat mile (TRASM) increased 3.4 percent year-over-year.

Consolidated unit cost per available seat mile (CASM) increased 4.3 percent year-over-year.

First-quarter consolidated CASM, excluding special charges, third-party business expenses, fuel and profit sharing, increased 0.6 percent year-over-year.

United Airlines and United Express operate approximately 4,600 flights a day to 354 airports across five continents. In 2017, United and United Express operated more than 1.6 million flights carrying more than 148 million customers. For more information, visit united.com.