United Airlines Holdings, Inc.

United Airlines Q2 FY26 — Strong Revenue Growth Despite Fuel Headwinds

• Strength Q2 total operating revenues increased 16% year-over-year to $17.7 billion.
• Watch A fuel price spike in July was equal to a $1.12 impact on EPS.

United Airlines Holdings Q1 FY26 — Strong Yield Recovery Amidst High Fuel Prices

• Strength Q1 EPS of $1.19, up 31% year-over-year, within initial guidance range.
• Watch Experienced a $340 million higher fuel bill in Q1 due to massive run-up in fuel prices.

United Airlines Q4 FY25 — Resilient Performance Amidst Headwinds, Strong Outlook for FY26

• Strength Q4 2025 EPS of $3.10, within guidance range despite a $250 million pretax impact from government shutdown.
• Watch Q4 2025 pretax earnings were impacted by $250 million due to the U.S. government shutdown.

United Airlines Holdings, Inc. Q3 FY25 — Strong Earnings Growth and Brand Loyalty

• Strength Delivered Q3 EPS of $2.78, above guidance range of $2.25-$2.75 and street expectations of $2.68.
• Watch Consolidated TRASM was down 4.3% in Q3, with domestic down 3.3% and international down 7.1%.

United Airlines Q2 FY25 — Strong Operational Performance and Demand Inflection

• Strength Delivered EPS of $3.87, exceeding Wall Street expectations of $3.81, despite significant headwinds.
• Watch Newark disruption impacted Q2 margins by approximately 1.2 points and is expected to have an approximately 1 point margin impact in Q3.

United Airlines Q1 FY25 — Strong Brand Loyalty Drives Resilience Amidst Softening Demand

• Strength Achieved highest first quarter pretax margin since COVID began at 3%, up 3.6 points year-over-year.
• Watch Softer macroeconomic environment driving volatility and weaker demand, particularly in domestic main cabin RASM, which was down 5% year-over-year.