By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Travel Radar - Aviation NewsTravel Radar - Aviation News
  • Breaking News
  • Aviation
    • Aircraft
    • Airlines
    • Airshow & Events
    • Careers
    • Manufacturing
  • Travel
    • Airports
    • Points & Loyalty
    • Technology
    • Trip Reviews
  • Newsletters
Reading: United Turns Profit for First Time Since 2019
Share
Sign In
Notification Show More
Font ResizerAa
Font ResizerAa
Travel Radar - Aviation NewsTravel Radar - Aviation News
  • Breaking News
  • Aviation
    • Aircraft
    • Airlines
    • Airshow & Events
    • Careers
    • Manufacturing
  • Travel
    • Airports
    • Points & Loyalty
    • Technology
    • Trip Reviews
  • Newsletters
Signin Sign In
Follow US
Copyright © Travel Radar Media Ltd. 2025 | All Rights Reserved
Travel Radar - Aviation News > News > United Turns Profit for First Time Since 2019

United Turns Profit for First Time Since 2019

Josh McMinn
Last updated: 22 July 2022 00:09
By Josh McMinn
3 Min Read
Share
United Airlines Boeing 777-200
United is the only U.S operator of the Boeing 777s with the PW4000 engine in tow. | © GETTY IMAGES
SHARE

After almost three years of loss-making, United airlines reported its first quarterly profit this week. The airline achieved a record-breaking profit in the second quarter of 2022, producing a greater Q2 profit than any previous year. The airline has improved on 2019 stats, despite carrying 15% fewer passengers and paying almost double for fuel.

United saw a net income of $329 million in 2Q22, a significant improvement from the $434 million loss made last year. “It’s nice to return to profitability,” says CEO Scott Kirby, who is confident that profits will continue to increase as the year progresses.

Profits Increase Despite Reduced Capacity and Higher Fuel Costs

United’s total operating revenue is 6% higher than it was for the same quarter in 2019, despite capacity being down 15% in the same period. On top of that, the airline achieved a record total-revenue-per-seat-mile (TRASM), up 24% on 2Q19.

United Airlines
United made record profits last quarter | © United Airlines

The peculiar trend also comes at a time when the airline is spending more money than ever on fuel. United spent $3.81 billion on fuel this last quarter, compared to 2.38 billion during 2Q19. The airline is paying almost double the price for Jet fuel, at $4.18 per gallon compared to $2.16 before the pandemic.

Airline CEO Scott Kirby cites fuel as one of the three main challenges United faces in the next year.

“Industry-wide operational challenges that limit the system’s capacity, record fuel prices and the increasing possibility of a global recession are each real challenges that we are already addressing. These fundamental challenges have already led to higher costs, higher fuel prices but, also higher revenue, which means we’re as confident as ever we will deliver on our 9% adjusted pre-tax margin target in 2023.”

The airline expects profits will keep increasing into the third quarter of this year. They predict total operating revenue to be up 11% on 2019, and up to 26% on TRASM, compared to the 6% and 24% achieved this quarter.

You Might Also Like

Condor Airlines receives a new lease of life.
England Heading for Lockdown and Holidays on Hold Again
New Airline Coral Jet to Take Off in 2022
Pandemic Causes Concerns over the Future of Female Pilots
Airport Cinema: Planes
Share This Article
Facebook Twitter Email Copy Link
What’s your thoughts?
Love0
Sad0
Happy0
Angry0
Josh McMinn
ByJosh McMinn
Follow:
Jr Reporter - Josh is an Jr. Aviation Reporter at Travel Radar covering the latest industry news, developments and passenger experiences. Outside of reporting, Josh is a talented artist and camera operator with experience spanning several industries.
Previous Article Antarctica Flights: Scenic tourism exploits ecosystems
Next Article Belarus Implicated in Ryanair Bomb Threat, ICAO Finds
Subscribe
Login
Notify of
guest
guest
0 Comments
Oldest
Newest Upvoted
Inline Feedbacks
View all comments

Stay Connected

FacebookLike
TwitterFollow
InstagramFollow
YoutubeSubscribe

Trending News

Air Canada Express
Air Canada to upgrade regional operations and fleet
Aircraft Aviation
Aer Lingus launches their largest ever transatlantic schedule with expansion of their long-haul network and a new direct service to Dublin from North Carolina in 2026.
Aer Lingus Launches ‘Largest Ever’ Transatlantic Schedule for 2026
Airlines Aviation Route Development
Boeing 777
APEX 2026 Awards: Another Win for Air Canada
Airshow & Events Aviation
A group of five individuals in business attire stand together in a corporate setting, holding a certificate. The background features the Boeing logo prominently displayed on a screen. Two nameplates are visible on the table in front of them, reading "Crystal Remfert - Boeing Global Services" and "Chan Woo Jung - Korean Air." A floral arrangement is also present on the table.
Korean Air and Boeing Forge Strategic Alliance to Advance Predictive Maintenance
Airlines Aviation Technology
A close-up image shows a person holding a credit card near a payment terminal, ready to make a contactless payment. The card is gold-colored with the name "Chris Muller" visible on it. Another hand is holding the payment terminal. In the background, there are blurred figures of people sitting at a table with cups and glasses.
Lufthansa Miles & More Credit Card Relaunches with Deutsche Bank and Expanded Benefits
Airline Economics Aviation Points & Loyalty
//

Travel Radar is the leading digital hub for all things aviation and air-travel. Discover our latest aviation news, aviation data, insight and analysis.

Discover

  • Latest News
  • Subscribe
  • Weekly Digest
  • Contact Us
  • Privacy Policy
  • About Us
  • Advertising
  • Media Coverage
  • Press & Events
  • Join Our Team
  • Our Brands

Signup to our Newsletter!

And get the latest aviation news via our weekly news digest!

© Travel Radar Media Ltd. 2015-2025 | ISSN #2635-0696 | Trademark #UK00003579704
wpDiscuz
adbanner
Welcome to the TR Community!

Sign in to your account

Not a member? Sign Up