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United Airlines Holdings (United Airlines Holdings) EBIT : $5,197 Mil (TTM As of Mar. 2024)


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What is United Airlines Holdings EBIT?

United Airlines Holdings's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was $229 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was $5,197 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. United Airlines Holdings's annualized ROC % for the quarter that ended in Mar. 2024 was 0.49%. United Airlines Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 2.08%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. United Airlines Holdings's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 14.34%.


United Airlines Holdings EBIT Historical Data

The historical data trend for United Airlines Holdings's EBIT can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

United Airlines Holdings EBIT Chart

United Airlines Holdings Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4,560.00 -7,830.00 -980.00 2,663.00 5,161.00

United Airlines Holdings Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 192.00 1,838.00 1,931.00 1,199.00 229.00

Competitive Comparison of United Airlines Holdings's EBIT

For the Airlines subindustry, United Airlines Holdings's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


United Airlines Holdings's EV-to-EBIT Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, United Airlines Holdings's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where United Airlines Holdings's EV-to-EBIT falls into.



United Airlines Holdings EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $5,197 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


United Airlines Holdings  (NAS:UAL) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

United Airlines Holdings's annualized ROC % for the quarter that ended in Mar. 2024 is calculated as:

ROC % (Q: Mar. 2024 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2023 ) + Invested Capital (Q: Mar. 2024 ))/ count )
=448 * ( 1 - 24.39% )/( (68045 + 71498)/ 2 )
=338.7328/69771.5
=0.49 %

where

Note: The Operating Income data used here is four times the quarterly (Mar. 2024) data.

2. Joel Greenblatt's definition of Return on Capital:

United Airlines Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2023  Q: Mar. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=916/( ( (43729 + max(-13338, 0)) + (44365 + max(-15428, 0)) )/ 2 )
=916/( ( 43729 + 44365 )/ 2 )
=916/44047
=2.08 %

where Working Capital is:

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(1898 + 1561 + 640) - (6775 + 9799 + 863)
=-13338

Working Capital(Q: Mar. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(2259 + 1675 + 770) - (6472 + 12687 + 973)
=-15428

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

United Airlines Holdings's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2024 )
=5197/36251.599
=14.34 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


United Airlines Holdings EBIT Related Terms

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United Airlines Holdings (United Airlines Holdings) Business Description

Address
233 South Wacker Drive, Chicago, IL, USA, 60606
United Airlines is a major U.S. network carrier with hubs in San Francisco, Chicago, Houston, Denver, Los Angeles, New York/Newark, and Washington, D.C. United operates a hub-and-spoke system that is more focused on international and long-haul travel than its large U.S. peers.
Executives
Kennedy James A C director T ROWE PRICE GROUP INC, 100 E PRATT ST, BALTIMORE MD 21202
Michael D. Leskinen officer: EVP & Chief Financial Officer 233 S. WACKER DRIVE, WHQLD, CHICAGO IL 60606
Gerald Laderman officer: EVP and CFO 233 S. WACKER DRIVE 11TH FL WHQLD, CHICAGO IL 60606
Gregory L Hart officer: EVP & Chief Growth Officer 233 SOUTH WACKER DRIVE, 11TH FLOOR HDQLD, CHICAGO IL 60606
Edward M Philip director C/O HASBRO, INC., 1011 NEWPORT AVENUE, PAWTUCKET RI 02861
Carolyn Corvi director 233 SOUTH WACKER DRIVE 11TH FL WHQLD, CHICAGO IL 60606
Barney Harford director C/O ORBITZ WORLDWIDE, INC., 500 W. MADISON STREET, SUITE 1000, CHICAGO IL 60661
Michele J Hooper director C/O PPG INDUSTRIES, INC., ONE PPG PLACE, PITTSBURGH PA 15272
Edward Shapiro director 275 GROVE STREET, NEWTON MA 02466
Chris Kenny officer: Vice President & Controller 233 S. WACKER DRIVE 11TH FL WHQLD, CHICAGO IL 60606
Andrew P Nocella officer: EVP & Chief Commercial Officer 233 S. WACKER DR. 11TH FL WHQLD, CHICAGO IL 60606
Torbjorn J Enqvist officer: EVP & Chief Operations Officer 233 S. WACKER DRIVE, 11TH FL WHQLD, CHICAGO IL 60606
Linda P Jojo officer: EVP & Chief Customer Officer 233 S. WACKER DRIVE 11TH FL WHQLD, CHICAGO IL 60606
Kate Gebo officer: EVP HR and Labor Relations 233 SOUTH WACKER DRIVE, 11TH FL - WHQLD, CHICAGO IL 60606
Brett J Hart officer: President 233 S. WACKER DRIVE, 11TH FL - WHQLD, CHICAGO IL 60606