United Airlines has reported its fourth-quarter and full-year 2015 financial results, revealing full-year net income of $4.5 billion, or $11.88 per diluted share, excluding special items.
Including special items, UAL reported full-year net income of $7.3 billion.
These results include a nonrecurring $3.1 billion non-cash benefit associated with the reversal of the company’s income tax valuation allowance.
UAL reported fourth-quarter net income of $934 million, or $2.54 per diluted share, excluding special items.
Including special items, UAL reported fourth-quarter net income of $823 million. Today, UAL announced it reached an agreement to acquire 40 new Boeing 737-700 aircraft which will enter the fleet beginning in mid-2017, replacing a portion of the capacity currently operated by regional partners.
“We improved our operational performance, continued to invest in our products and services and achieved record financial performance,” said Brett Hart, UAL acting chief executive officer.
“We have great momentum as we head into 2016 and are committed to continuously earning the trust of our customers and employees.
“I’m proud of what we accomplished together, running a reliable airline and making the right investments to deliver shareholder value.