earnings
confidence high
sentiment positive
materiality 0.80
United Q1 EPS $2.14 (+85% YoY); revenue up 10.6%; cuts 5 pts of capacity
United Airlines Holdings, Inc.
2026-Q1 EPS reported
$2.14
revenue$14,608,000,000
- Q1 diluted EPS $2.14, up 85% YoY; adjusted diluted EPS $1.19, up 31% YoY.
- Total operating revenue +10.6% YoY; total revenue per ASM +6.9% YoY.
- Pre-tax earnings $0.9B, pre-tax margin 6.0% (+2.3 pts); adjusted pre-tax $0.5B, adjusted margin 3.4% (+0.4 pts).
- Plans to reduce 5 points of planned capacity for remainder of 2026; Q3/Q4 capacity flat to +2% YoY.
- Premium revenue +14%, loyalty +13%, Basic Economy +7% YoY; fuel expense rose $340M YoY.