United Airlines Q2 adjusted EPS $3.87, beats guidance; FY2025 view $9-$11

United Airlines Holdings, Inc.

2025-Q2 EPS reported $4.12 revenue$28,448,000,000

Q2 diluted EPS $2.97, adjusted diluted EPS $3.87 vs guidance $3.25-$4.25
Operating revenue $15.2B, up 1.7% YoY; adjusted pre-tax margin 11.0%
Full-year adjusted EPS guidance raised to $9.00-$11.00
Premium cabin revenue +5.6%, loyalty +8.7% YoY; demand accelerated 6 pts in early July
Business demand double-digit acceleration; supply inflection expected mid-August per published schedules

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