United Airlines improved their operational performance and continued to invest in their products and services throughout 2015, which culminated in record breaking financial results for the airline.
United Airlines (UAL) has just released their latest financial figures for 2015 and the results are nothing short of exceptional.
The airline reported a full-year net income of $4.5 billion, or $11.88 per diluted share, excluding special items. Including special items, UAL reported full-year net income of $7.3 billion. These results include a nonrecurring $3.1 billion non-cash benefit associated with the reversal of the company’s income tax valuation allowance.
United also reported fourth-quarter net income of $934 million, or $2.54 per diluted share, excluding special items. Including special items, UAL reported fourth-quarter net income of $823 million. Employees earned a record $698 million in profit sharing for full-year 2015.
United Airlines have also announced that they will be acquiring 40 new Boeing 737-700 aircraft which will enter the fleet beginning in mid-2017, replacing a portion of the capacity currently operated by regional partners.
According to Brett J. Hart, United’s acting CEO, United Airlines will not be resting on their laurels in 2016, but instead will be continuing their efforts to see the airline capture even more of the market
“We have great momentum as we head into 2016 and are committed to continuously earning the trust of our customers and employees. I’m proud of what we accomplished together, running a reliable airline and making the right investments to deliver shareholder value.”
Brett J. Hart, CEO, United Airlines
Brett J. Hart, CEO, United Airlines
These financial results come just a few weeks after the airline released a string of entertaining educational videos starring Fox Sports personality Katie Nolan.
Are you excited about where United Airlines is going in 2016? Let us know in the comments below.