by Amruth Sundarkumar | Jan 18, 2023 | Corporates
United Airlines have forecasted at least a 4x jump in its full year profit for 2023 after reporting its 4Q 2022 earnings. The air carrier reported a $2.52/share adjusted profit last year and a Q4 profit of $2.46/share beating analysts’ expectations of...
by Amruth Sundarkumar | Oct 27, 2022 | High Yield Bonds, India
UPL Corp announced a consent solicitation for three of its dollar bonds amid its business reorganization plans. The bonds in question are its $300mn 4.5% 2028s, $500mn 4.625% 2030s and $400mn 5.25% Perp. The Indian corporate is seeking to waive certain terms and...
by Amruth Sundarkumar | Oct 19, 2022 | Corporates, High Yield Bonds
United Airlines’ bonds have trended upwards this week with the company releasing its Q3 2022 financial results yesterday, that beat analysts expectations all around. Its Q3 adjusted earnings and revenue were $2.81 per share and $12.9bn respectively, beating market...
by Amruth Sundarkumar | Apr 21, 2022 | Corporates
United Airlines (UAL) announced that it expects to return to profitability in Q2 2022 on a strong operating revenue outlook, including total revenue per available seat mile (TRASM) of approximately 17% over 2019, the strongest Q2 revenue guidance in the company’s...
by Amruth Sundarkumar | Feb 3, 2022 | Corporates
United Airlines is planning to sell a minority stake in its frequent flier program MileagePlus, as per sources. One of the sources said that any minority stake in the MileagePlus subsidiary was expected to represent less than 15% of the portfolio with the airlines in...
