United Continental Holdings Inc UAL shares traded down following its fourth quarter earnings release Tuesday. The company achieved its best full-year on-time performance while reporting its lowest number of cancellations in company history in fiscal year 2016.
- United Continental reports Q4 EPS $1.78, beats by $0.05.
- Passenger revenue was down 1.5%
- Revenues $9.1B, beats by $70 million
- Net income came in at $397 million in Q4
- Did not issue guidance
“Our fourth quarter financial and operating performance capped an outstanding year for United Airlines,” said CEO Oscar Munoz. “In 2016, we put into action our plan to become the best airline in the world, and last year’s results demonstrate we are on our way to achieving that ambition. We will continue delivering on this commitment by investing in our employees, elevating our customer experience and driving strong and consistent returns for our shareholders.”
Shares of United Continental were down 2.43 percent at $72.75 in the after-hours session.
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