United Announces Fourth Quarter and Full Year 2016 Financial Results

United Announces Fourth Quarter and Full Year 2016 Financial Results

Date: January 18, 2017
Type: AFA Article

Today United Airlines (UAL), announced the fiscal results of their fourth quarter (Q4) and full year 2016 results. Revenue for Q4 was reported as $397 million, diluted earnings per share of $1.26, pre-tax earnings of $884 million and pre-tax margin of 9.8 percent. Excluding special items, UAL reported fourth-quarter net income of $562 million, diluted earnings per share of $1.78, pre-tax earnings of $857 million and pre-tax margin of 9.5 percent. 

For the full year, UAL reported full-year net income of $2.3 billion, diluted earnings per share of $6.85, pre-tax earnings of $3.8 billion and pre-tax margin of 10.4 percent. Excluding special items, UAL reported full-year net income of $2.9 billion, diluted earnings per share of $8.65, pre-tax earnings of $4.5 billion and pre-tax margin of 12.2 percent.