United earns US$2.3b 2016 net profit
United Continental Holdings reported a full-year 2016 net profit of US$2.3b, down 69.2% from net income of $7.3b in 2015. However, United’s 2015 earnings included a one-time $3.1b non-cash tax valuation benefit that skews year-over-year comparisons, especially since 2016’s earnings include a one-time tax expense of $1.5b. On a pre-tax basis, United’s 2016 net profit was $3.8b, down 9.5% from $4.2b on a similar basis in 2015. United’s 2016 revenue dropped 3.5% year-over-year to $36.6b while expenses decreased 1.5% to $32.2b, producing an operating profit of $4.3b, down 16% from operating income of $5.2b in 2015. United’s consolidated RASM fell 5.4% year-over-year in 2016 to 14.4 cents, but RASM was down just 1.8% in Q4. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2017-01-18/star/united-earns-us-2-3b-2016-net-profit
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United earns US$2.3b 2016 net profit
United Continental Holdings reported a full-year 2016 net profit of US$2.3b, down 69.2% from net income of $7.3b in 2015. However, United’s 2015 earnings included a one-time $3.1b non-cash tax valuation benefit that skews year-over-year comparisons, especially since 2016’s earnings include a one-time tax expense of $1.5b. On a pre-tax basis, United’s 2016 net profit was $3.8b, down 9.5% from $4.2b on a similar basis in 2015. United’s 2016 revenue dropped 3.5% year-over-year to $36.6b while expenses decreased 1.5% to $32.2b, producing an operating profit of $4.3b, down 16% from operating income of $5.2b in 2015. United’s consolidated RASM fell 5.4% year-over-year in 2016 to 14.4 cents, but RASM was down just 1.8% in Q4. <br/>
