---
schema_version: "secwatch.filing_event.v1"
accession: "0000100517-23-000077"
form_type: "8-K"
ticker: "UAL"
cik: "0000100517"
company_name: "United Airlines Holdings, Inc."
filed_at: "2023-03-13T23:59:59+00:00"
generated_at: "2026-06-18T04:09:54.081747+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# United Airlines cuts Q1 guidance to loss of $0.60-$1.00 EPS on pilot contract accrual, higher fuel

## Summary
- Now expects Q1 adjusted diluted loss per share of $0.60-$1.00, vs prior guidance of profit $0.50-$1.00.
- Accruing expense for new pilot contract, shifting expense from Q2 to Q1; Q1 CASM-ex flat to +1% YoY (prior -3% to -4%).
- Q1 revenue guidance raised to ~51% YoY (prior ~50%), capacity now ~23% vs ~20% on better completion rates.
- Q1 TRASM expected up 22%-23% (prior ~25%) due to seasonality shift; Q2 revenue seen up mid-teens vs Q2 2022.
- Q1 fuel price guidance raised to $3.31-$3.41 from $3.19. Full-year adjusted EPS reaffirmed at $10-$12, pre-tax margin ~9%.

## SEC filing metadata
- accession: 0000100517-23-000077
- form_type: 8-K
- ticker: UAL
- cik: 0000100517
- company_name: United Airlines Holdings, Inc.
- filed_at: 2023-03-13T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 7.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/100517/000010051723000077/0000100517-23-000077-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/100517/000010051723000077/ual-20230313.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000100517-23-000077
- JSON: https://secwatch.observer/filing/0000100517-23-000077.json
- Plain text: https://secwatch.observer/filing/0000100517-23-000077.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.