UAL
FY2026 Q2 · Calendar Q3 2026
United Airlines Holdings, Inc.
United Airlines posted a strong Q2 2026, beating consensus on both revenue ($17.67B vs. $17.60B estimate) and EPS ($1.99 vs. $1.88 estimate), despite a $2.3 billion fuel cost headwind. Revenue rose 16% year-over-year, with RASM up 12.1%. Management raised full-year guidance, citing confidence in recovering 80-90% of the fuel impact by Q4 and continued strength in premium demand and loyalty-driven revenue. The company also raised $3.7 billion in low-cost debt at a roughly 5% fixed rate, bolstering liquidity to $19.6 billion and moving closer to investment-grade credit status. Key strategic initiatives including free Starlink Wi-Fi across approximately 1,000 aircraft by year-end, fleet up-gauging with MAX 10 and A321 XLR/Coastliner aircraft, and MileagePlus and co-branded credit card growth remain on track. Risks from fuel price volatility, FAA hub capacity caps, and cost inflation…
EPS surprise+5.9%
Market move-1.8%
