Home
News
- 1 United Airlines reported increased revenue in Q1 2023 compared to estimated figures.
- 2 UAL Stock slipped around 1.23% in its last trading session.
United Airlines Holdings Inc.(NASDAQ: UAL) is a publicly traded airline company based in Chicago. On May 19 2023, UAL stock slipped over 1.23% and closed at 47.54 US Dollars.
As per data from TradingView, UAL stock jumped over 4.68% high in the weekly trading session and rose by more than 9% in the monthly trading session. United Airlines is among the leading airline companies globally.
The airline changed its name in 2010 and is now known as United Continental Holdings; earlier, it was called UAL Corporation. According to the company’s official website, UAL Corporation plans files in more than 70 countries, including 79 domestic and 110 international destinations.
Quarterly and Yearly Financials of United Airlines Holdings Inc.
In the second quarter of 2022, the airline company reported $12.11 billion in revenue, topping the estimated figures by 0.09%. In Q3 2022, the company registered $12.99 b in revenue, although the estimated figures were $12.74 b.
In Q1 2023, UAL reported $11.43 billion in revenue, beating the estimated figures by +0.047%. According to the company’s prediction, it is supposed to register $13.90 b in revenue in the second quarter of 2023.
It is important to note that most company revenue is generated from passenger plans, and the remaining comes from cargo and other sources, including fuels.
Over 60% of the company’s revenue comes from the United States, followed by the Atlantic, Latin America and Pacific. In the last four years, the United States accounted for a significant portion of the company’s income.
Global Aviation Market
Global air traffic rebounded strongly in Q1 2023, with a 67% YoY growth in January. It reached 84% of pre-pandemic levels in January 2019 after China reopened its borders on January 8.
In the last few months, many countries have uplifted the restriction imposed during the global pandemic; many airline companies’ revenue slightly surged and reached new milestones in Q1 2023.
Some leading airline companies in the global market are Delta Airlines, American Airlines Inc, United Airlines Holdings, International Airlines Group, China Southern Air Holdings, Qatar Airways and dozens of others.
Purchasing flight tickets using cryptocurrency has increased in the last few months. Some major players in the industry accepting Bitcoin and other crypto payments include Delta, JetBlue, Avianca Costa Rica, Qantas and American Airlines and many more.
United Airlines Holdings Subsidiaries, Investments and Acquisitions
According to data from Crunchbase, United Airlines Holdings has acquired several companies, including Westwind School of Aeronautics and MyPoint Inc. The airline has invested in numerous companies, including Svante, Clear, Fulcrum Bioenergy, Archer and ZeroAvia.
Other than investments and acquisitions, United Airlines Holdings has dozens of subsidiaries, including United Cruises, United Express, Four Star Insurance Company Ltd, UAL Corp Capital Trust and United p.s.
Disclaimer
The views and opinions stated by the author, or any people named in this article, are for informational purposes only and do not establish financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.
Andrew is a blockchain developer who developed his interest in cryptocurrencies while pursuing his post-graduation major in blockchain development. He is a keen observer of details and shares his passion for writing, along with coding. His backend knowledge about blockchain helps him give a unique perspective to his writing skills, and a reliable craft at explaining the concepts such as blockchain programming, languages and token minting. He also frequently shares technical details and performance indicators of ICOs and IDOs.
