$UAL

UAL 第三季度表现不一:每股收益不及预期,营收略低于预期,成本增速快于营收;其稳健程度不及 Delta。UAL 能否收回更高的燃油成本并保持盈利能力尚不明确。第四季度每股收益指引区间较宽,为 50 美分至 1.50 美元。

他说的是几个月内
《EARNINGS PANEL: SPCX, NFLX & UAL》
Schwab Network发布 2026-10-20 · 9 段内容
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我们把镜头交给Marley,带来United Airlines第三季度财报的数据。根据Sam传来的信息,United的情况似乎喜忧参半。

Let's go to Marley with the numbers from United Airlines' third-quarter report. As the information comes in via Sam, it appears that it's a mixed picture for United.

第三季度每股收益(EPS)为254,预期为261,因此它们未能达到这一目标。营收为179.8亿,与预期的179.1亿相符,或许略低一些。

Earnings per share (EPS) stood at 254 in the third quarter. The expectation was 261, so they failed to meet that goal. Revenue stands at 17.98 billion. This is in line with the expected 17.91 , perhaps slightly lower.

它们表示,资本支出(CapEx)较去年增长了46%,达到21.4亿。本季度可用座英里为885.4亿,预期为887.4亿。

They say their capital expenditure (CapEx) has increased by 46% to 2.14 billion compared to last year. The amount of seat miles available this quarter stood at 88.54 billion. The estimate was 88.74 billion.

客运收入为162.4亿,市场预期为163亿。第三季度的客运里程为742.8亿。预期是749.1亿,所以这也略低于预期。

Passenger revenue amounted to 16.24 billion. The market was expecting 16.3 billion. Passenger miles flown in the third quarter were 74.28 billion. The estimate was 74.91 billion, so this is also slightly less than that.

他们表示,第三季度的能源成本总体增加了18亿美元。对于第四季度,他们预计每股收益(EPS)在50美分到1.50美元之间,这个区间相当宽,但这一区间完全超出了市场预期,市场原本预期为1.88美元。

They say their third- quarter energy costs increased by $1.8 billion overall. For the fourth quarter, they are looking at earnings per share (EPS) between 50 cents and $1.50, which is a pretty wide range, but this range completely exceeded market estimates, which were expecting $1.88.

所以现在他们的股价正在下跌。回顾这些数字,可以看到我们下跌了约2.4%。

So now their share price is falling. If we review these numbers, we see that we are down about 2.4 %.

在整体航空公司中,United 原本被预期是在客户需求方面表现最好的公司之一,但情况相当喜忧参半。

United was expected to be one of the best performers in terms of customer demand among airlines overall , but the situation is pretty much a mixed picture.

它不像 Delta 那样稳健。所以关键问题是,他们能否收回部分上涨的燃油成本。他们能否维持盈利能力?是的,收入总体在增长,尽管可能低于预期,但成本增长得更快。

It is not as secure as Delta. So the big question was whether they would be able to recoup some of this increased fuel cost. Will they be able to maintain their profitability, where yes, revenue is growing overall, although it may be less than projected , but costs are growing even faster.

United Airlines 的股价下跌了近2.33,因其每股收益(EPS)未达预期,收入也略低于预期。

And United Airlines' share price fell by nearly two and a third as it missed earnings per share (EPS) expectations and revenue came in slightly below expectations.

观察点

UAL能否收回更高的燃油成本并维持盈利能力
燃油成本得以收回,且在成本增速快于营收的情况下利润仍得以维持
第四季度第四季度财报
支撑“稳定至好坏参半”的看法;若未实现则削弱该看法

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