United Airlines Q3 adjusted EPS $2.78 beats guidance; Q4 outlook $3.00-$3.50 above expectations

United Airlines Holdings, Inc.

2025-Q3 EPS reported $7.02 revenue$43,673,000,000

Q3 diluted EPS $2.90, adjusted diluted EPS $2.78 (guidance $2.25-$2.75); Q4 adjusted EPS guidance $3.00-$3.50.
Total operating revenue $15.2B, up 2.6% YoY; pre-tax earnings $1.3B, adjusted pre-tax margin 8.0%.
Premium cabin revenue +6%, Basic Economy +4%, cargo +3%, loyalty revenue +9% YoY.
Customer investments exceeding $1B in 2025, over $1B planned for 2026.
Record Q3 mainline schedule and lowest Q3 cancel rate in company history.

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