United Airlines Holdings, Inc. (UAL) Q3 2022 Earnings Call Transcript

United Airlines Holdings, Inc. (NASDAQ:UAL) Q3 2022 Results Conference Call October 19, 2022 10:30 AM ET

Company Participants

Kristina Munoz - Director, IR

Scott Kirby - CEO

Brett Hart - President

Andrew Nocella - EVP and Chief Commercial Officer

Gerry Laderman - EVP and CFO

Conference Call Participants

Michael Linenberg - Deutsche Bank

Ravi Shanker - Morgan Stanley

Helane Becker - Cowen

Steve Trent - Citigroup

Jamie Baker - JP Morgan

Scott Group - Wolfe Research

Duane Pfennigwerth - Evercore ISI

Conor Cunningham - Melius Research

Dave Vernon - Bernstein

Alison Sider - The Wall Street Journal

Leslie Josephs - CNBC

David Schaper - NPR

Operator

Good morning, and welcome to United Airlines Holdings’ Earnings Conference Call for the Third Quarter 2022. My name is Candice, and I’ll 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 may be recorded, transcribed, or rebroadcast without the Company’s permission. Your participation implies your consent to our 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, Candice. Good morning, everyone, and welcome to United’s third quarter 2022 earnings conference call. Yesterday, we issued our earnings release, which is available on our website at 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.

Also during the course of our call, we will discuss several non-GAAP financial measures. 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.

Joining us on the call today to discuss our results and outlook are Chief Executive Officer, Scott Kirby; President, Brett Hart; Executive Vice President and Chief Commercial Officer, Andrew Nocella; and Executive Vice President and Chief Financial Officer, Gerry Laderman. In addition, we have other members of the executive team on line available to assist with the Q&A.