United Airlines Holdings, Inc. (UAL) Q1 2023 Earnings Call Transcript

United Airlines Holdings, Inc. (NASDAQ:UAL) Q1 2023 Earnings Conference Call April 19, 2023 10:30 AM ET

Company Participants

Kristina Munoz - Investor Relations

Scott Kirby - Chief Executive Officer

Brett Hart - President

Andrew Nocella - Executive Vice President and Chief Commercial Officer

Gerry Laderman - Executive Vice President and Chief Financial Officer

Torbjorn Enqvist - Executive Vice President and Chief Operations Officer

Conference Call Participants

Catherine O’Brien - Goldman Sachs

Jamie Baker - JPMorgan

Conor Cunningham - Melius Research

Savi Syth - Raymond James

Mike Linenberg - Deutsche Bank

Duane Pfennigwerth - Evercore ISI

Helane Becker - Cowen

Ravi Shanker - Morgan Stanley

Sheila Kahyaoglu - Jefferies

Scott Group - Wolfe Research

David Vernon - Bernstein

Leslie Josephs - CNBC

Alison Sider - The Wall Street Journal

Operator

Good morning and welcome to the United Airlines Holdings Earnings Conference Call for the First Quarter 2023. My name is Silas and I will be your conference facilitator today. Following the initial remarks from management, we will open the lines for questions. [Operator Instructions] This call is being recorded and is copyrighted. Please note that no portion of the call maybe recorded, transcribed or rebroadcast without the company’s permission. Your participation implies your consent to the recording of this call. If you do not agree with these terms, simply drop off the line.

I will now turn the presentation over to your host for today’s call, Kristina Munoz, Director of Investor Relations. Please go ahead.

Kristina Munoz

Thank you, Silas. Good morning, everyone and welcome to United’s first quarter 2023 earnings conference call. Yesterday, we issued our earnings release and investor update, which is available on our website, ir.united.com. Information in yesterday’s release and the remarks made during this conference call may contain forward-looking statements, which represent the company’s current expectations or beliefs concerning future events and financial performance. All forward-looking statements are based upon information currently available to the company.

A number of factors could cause actual results to differ materially from our current expectations. Please refer to our earnings release, Form 10-K and 10-Q and other reports filed with the SEC by United Airlines Holdings and United Airlines for a more thorough description of these factors. Unless otherwise noted, we will be discussing our financial metrics on a non-GAAP basis on this call. Please refer to the related definitions and reconciliations in our press release. For a reconciliation of these non-GAAP measures to the most directly comparable GAAP measures, please refer to the tables at the end of our earnings release.