United Airlines Holdings, Inc. · UAL · Next earnings

United Airlines Holdings, Inc. reports Wednesday, Oct 21, 2026

UAL reports after market close with consensus EPS at $2.86 and revenue at $17.82B. Last quarter: United Airlines Beats Q2 Estimates on 16% Revenue Growth Despite Fuel Headwind

Reports After market close31 days awayDate estimated Industrials

What the street expects

Consensus for the coming report
Consensus EPS $2.86 Calendar consensus
Consensus revenue $17.82B Calendar consensus
Report date Oct 21, 2026 Wednesday, date estimated
Session After market close 31 days away

Where UAL left off: FY2026 Q2

Full report

United Airlines Beats Q2 Estimates on 16% Revenue Growth Despite Fuel Headwind

EPS surprise +5.9% Reported $1.99 vs $1.88
Revenue surprise +0.3% Reported $17.67B vs $17.62B
Stock move -1.8% Event window
Subsequent drift +0.5% Up to 20 sessions

United raised its full-year guidance this quarter, a step up from the prior quarter's maintained stance. The revised guidance incorporates higher fuel costs, with management expecting to recover 80-90% of the fuel impact by Q4. The company continues to target double-digit pretax margins by 2027 and mid-teens margins beyond, consistent with prior quarter commentary. Capex outlook moved from increasing to stable.

What to watch on the call

Carried forward from the last transcript

Risks management flagged

  • Fuel price volatility and Middle East oil price dynamics affecting cost structure.
  • FAA hub capacity caps at Chicago, San Francisco, and Newark limiting growth.
  • Industry-wide cost inflation across airport fees, labor, and maintenance.
  • Potential downside from capacity adjustments if demand weakens.

Questions analysts left open

  • RASM guidance and yield acceleration into Q3/Q4.
  • Peak CapEx timing and when it will bend downward.
  • Impact of fuel price spikes on profitability.
  • Effect of airport caps on hub profitability.

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Recent UAL quarters

All UAL earnings
-1.8%FY2026 Q2

Sources

  1. FN2 corporate events calendar, resolved from the earnings calendar feed
  2. FN2 earnings calendar analyst consensus
  3. Earnings call transcript analysis, FY2026 Q2

Methodology

The report date comes from FN2's resolved corporate-events calendar and is marked estimated until the company confirms it. Consensus figures are the calendar's latest analyst estimates for the fiscal period and are not an FN2 forecast.

Risks and open questions are carried forward verbatim from FN2's structured analysis of the previous earnings call. Missing values stay missing and are never estimated.

By FN2 Research · Updated . For educational purposes only; not investment advice.