Summary by Moomoo AI
United Airlines reported robust second-quarter earnings with net income rising 23.1% to $1.32 billion, as total operating revenue increased 5.7% to $14.99 billion. Passenger revenue grew 5.2% to $13.68 billion driven by an 8.3% capacity expansion and 5.8% increase in passengers, while cargo revenue jumped 14.4% to $414 million. The company maintained strong operational performance with an 84.2% load factor.Operating expenses rose 3.1% to $13.06 billion, with salaries and related costs up 10.5% to $4.1 billion due to wage increases and 6.2% headcount growth. Aircraft fuel expenses increased 11.1% to $3.13 billion from higher consumption and fuel prices. The company continued to strengthen its balance sheet, ending the quarter with $15.2 billion in liquidity.Looking ahead, United remains focused on its United Next growth plan, with firm commitments for 706 new aircraft deliveries through 2033. The company entered into arrangements with Boeing regarding MAX 9 grounding compensation and MAX 10 certification delays, while also securing increased credit facility commitments totaling $2.965 billion. Management maintained strong cost controls with CASM decreasing 4.8% year-over-year.
