---
schema_version: "secwatch.filing_event.v1"
accession: "0000100517-23-000150"
form_type: "8-K"
ticker: "UAL"
cik: "0000100517"
company_name: "United Airlines Holdings, Inc."
filed_at: "2023-07-19T23:59:59+00:00"
generated_at: "2026-06-13T06:10:15.909608+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# United Airlines Q2 adjusted EPS $5.03 record; raises FY2023 guidance to $11-$12

## Summary
- GAAP EPS $3.24, adjusted EPS $5.03 (record); adjusted pre-tax margin 15.3% (record).
- Total operating revenue $14.2B, up 17.1% YoY; capacity up 17.5% YoY.
- Full-year 2023 adjusted EPS guidance raised to $11-$12 from $10-$12.
- Balance sheet strengthened: TTM adj net debt/EBITDAR 2.4x, back to 2019 levels.
- Raised $1.3B via EETC; prepaid $1B of high-coupon debt.

## SEC filing metadata
- accession: 0000100517-23-000150
- form_type: 8-K
- ticker: UAL
- cik: 0000100517
- company_name: United Airlines Holdings, Inc.
- filed_at: 2023-07-19T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/100517/000010051723000150/0000100517-23-000150-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/100517/000010051723000150/ual-20230719.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000100517-23-000150
- JSON: https://secwatch.observer/filing/0000100517-23-000150.json
- Plain text: https://secwatch.observer/filing/0000100517-23-000150.txt

## Key facts
- Earnings Releases
  United Airlines Holdings, Inc. reported second quarter of 2023 results: revenue $14.2 billion, net income $1.1 billion, EPS $3.24. Guidance raised.
  - Period: second quarter of 2023
  - Revenue: $14.2 billion
  - Net income: $1.1 billion
  - EPS: $3.24
  - Guidance: raised
  - Result: reported results
  source text: Results: Achieves Record-Setting Financial Performance Second-Quarter Financial Results • Capacity up 17.5% compared to second-quarter 2022. • Total operating revenue of $14.2 billion, up 17.1% compared to second-quarter 2022. • TRASM down 0.4% compared to second-quarter 2022. • CASM down 4.0%, and CASM-ex 1 up 2.0%, compared to second-quarter 2022. • Pre-tax
  evidence_url: https://www.sec.gov/Archives/edgar/data/100517/000010051723000150/0000100517-23-000150-index.htm

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