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United Airways Holdings, Inc. (NASDAQ:UAL) TD Cowen sixteenth Annual International Transportation Convention September 6, 2023 10:20 AM ET

Firm Members

Gerald Laderman – EVP & CFO

Convention Name Members

Helane Becker – TD Cowen

Helane Becker

This presentation is definitely being webcast. So we must be as on time as we presumably might be. Anyway, I am Helane Becker, TD Cowen, Senior Analyst protecting Airways, and I am joined this morning by Gerry Laderman, Chief Monetary Officer of United Airways. And Gerry is joined by Kristina Munoz who’s Director of Investor Relations at United. And is Katlynn right here? There you might be. I did not see you sneak over there and Katlynn Kennedy, who can be in Investor Relations. So thanks very a lot for being right here. You guys did an 8-Okay this morning.

Gerald Laderman

We did.

Query-and-Reply Session

Q – Helane Becker

So possibly my first query was, did you wish to replace steerage earlier than we get into the Q&A?

Gerald Laderman

Nothing greater than what we mentioned within the 8-Okay, the place we — as everyone is aware of, gas jumped up a bit proper after everyone’s earnings name. So I do not assume we had been alone in updating gas for the third quarter to mirror the truth that gas has gone up 20%-ish. So our new vary as we put within the 8-Okay was we moved from a midpoint of $2.65 to a midpoint of $3, at $2.95 to $3.05 vary and all the things else for the third quarter, capability, income, CASM, we simply reiterated what we had mentioned within the unique steerage.

Helane Becker

Proper. I noticed that. I noticed the one factor that modified was gas, that was it. So let’s discuss concerning the outlook for the enterprise. There was some extreme climate on the West Coast final month. And also you guys have and I even have two

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