$United Continental(UAL)$ 24Q4 earnings highlights
Solid rebound across all business segments (Passenger, Cargo, Corporate), with strong results amid strong economic activity in North America;
Passenger Transportation Open Source: Passenger Revenue per Available Seat Mile (PRASM) snapped a six-quarter streak of declines and turned +0.6% year-over-year; Cost per Available Seat Mile (CASM) declined 1.6%;
International revenue growth rebounded to 8.7%, following a decline in growth in the previous three quarters;
Passenger load factor remained around 82.3%, with European routes picking up year-on-year to at 81.6% and Asia-Pacific routes currently at 76%, still with room to rise;
Considering the likelihood of continued encryption of US-China routes in FY25 (which could be a factor in Trump's presidency negotiations), Asia-Pacific revenues could rebound to pre-pandemic levels (and are currently the only region that has yet to reach pre-pandemic new highs)
Comments