The carrier said premium and loyalty revenue both grew faster than overall sales in the fourth quarter. ...

A United Airlines airplane undergoes service at the George Bush Intercontinental Airport on Nov. 6, 2025 in Houston, Texas.United Airlines on Tuesday said it could generate record earnings this year thanks to strong travel demand in recent weeks, both for premium seats and no-frills tickets.The carrier expects adjusted earnings per share of between $12 and $14 this year, in line with the $13.16 analysts expected. For the first quarter, United forecast per-share earnings of $1 to $1.50, while analysts had es ...

11Delivered FY25 diluted earnings per share of $10.20 up 8% year-over-year; adjusted diluted earnings per share of $10.62 up year-over-year and expects to be the only U.S. airline to grow adjusted EPS for FY25 1Q4 diluted earnings per share of $3.19; adjusted diluted earnings per share of $3.10 — within initial guidance range of $3.00 to $3.50 Q4 revenue of $15.4 billion was the highest quarterly revenue in United history and highest quarterly unit revenue for 2025 Flew a record 181 million passengers and r ...

Financial Performance - Full-year diluted earnings per share (EPS) reached $10.20, an 8% increase year-over-year, with adjusted diluted EPS at $10.62[1] - Pre-tax earnings for the full year were $4.3 billion, with a pre-tax margin of 7.3%, and adjusted pre-tax earnings of $4.6 billion, with an adjusted pre-tax margin of 7.8%[11] - Net income for the year ended December 31, 2025, was $3,353 million, a 6.5% increase from $3,149 million in 2024[37] - Earnings per share (diluted) for Q4 2025 was $3.19, an 8.1% increase from $2.95 in Q4 2024[37] - Adjusted operating income for the year ended December 31, 2025, was $4,972 million, down 4.5% from $5,208 million in 2024[61] Revenue and Passenger Metrics - Q4 revenue was $15.4 billion, marking the highest quarterly revenue in United's history, with a 4.8% increase compared to Q4 2024[11] - United flew a record 181 million passengers in 2025, averaging over 496,000 passengers daily[2] - Passenger revenue for Q4 2025 was $13,926 million, a 4.9% increase from $13,275 million in Q4 2024[37] - Total operating revenue for the year ended December 31, 2025, reached $59,070 million, reflecting a 3.5% increase compared to $57,063 million in 2024[37] - Total passengers increased to 45,679 thousand in Q4 2025, up 3.0% from 44,344 thousand in Q4 2024[42] Operating Expenses and Costs - Operating expenses for Q4 2025 totaled $14,011 million, a 6.2% increase from $13,192 million in Q4 2024[37] - Salaries and related costs increased by 4.6% to $4,524 million in Q4 2025 compared to $4,325 million in Q4 2024[37] - Aircraft fuel costs rose by 9.2% to $2,923 million in Q4 2025 from $2,676 million in Q4 2024[37] - The average aircraft fuel price per gallon was $2.49 in Q4 2025, an increase of 3.6% from $2.40 in Q4 2024[55] Cash Flow and Capital Expenditures - United's operating cash flow for the year was $8.4 billion, with free cash flow of $2.7 billion, and similar free cash flow is expected in 2026[11] - Free cash flow for Q4 2025 was $(579) million, compared to $901 million in Q4 2024, reflecting a significant decline[58] - Adjusted capital expenditures for Q4 2025 were $1,916 million, a decrease of 19.5% from $2,384 million in Q4 2024[58] - The company had capital expenditures of $(5,874) million in 2025, compared to $(5,615) million in 2024, an increase of 4.6%[66] Debt and Assets - Adjusted total debt decreased to $32,094 million in 2025 from $34,866 million in 2024, a reduction of $2,772 million[59] - Total assets increased to $76,448 million as of December 31, 2025, compared to $74,083 million in 2024[63] - Cash and cash equivalents decreased to $5,942 million in 2025 from $8,769 million in 2024, a decline of $2,827 million[63] Special Charges and Gains - The company recorded a special charge of $561 million in 2025 related to labor contract ratification bonuses for employees[68] - The company reported net gains of $303 million on the sale of assets, primarily from aircraft sale-leaseback transactions[69] Tax and Interest - The effective tax rate for the year ended December 31, 2025, was 22.1%, down from 24.4% in 2024, due to a release of valuation allowance related to realized capital gains[71] - The company reported a decrease in interest expense by 12.1% to $324 million in Q4 2025 from $369 million in Q4 2024[37] Operational Efficiency - The airline achieved its lowest seat cancellation rate in history and had the lowest cancellation rate among large U.S. network carriers in 2025[10] - The government shutdown impacted pre-tax earnings by approximately $250 million in Q4 2025[11] - United plans to take delivery of over 100 narrowbody aircraft and approximately 20 Boeing 787 aircraft in 2026, the most widebody aircraft delivered in a year by any U.S. airline since 1988[6] Customer Satisfaction - United's Net Promoter Score (NPS) reached its highest-ever monthly score in November 2025, despite the government shutdown[4]

Core Viewpoint - United Airlines Holdings, Inc. is experiencing a positive trend in analyst price targets, reflecting strong confidence in its operational performance and growth potential [2][4][6] Price Target Trends - The average price target for UAL has increased from $123.04 a year ago to $144.8 last month, indicating a significant upward revision and growing optimism among analysts [2][4] - The average price target in the last quarter was $138.44, showing a steady increase from the previous quarter, attributed to strategic initiatives and preparations for the upcoming Q4 earnings call [3][4] Strategic Initiatives - United Airlines is implementing strategic changes, including welcoming new executives and expanding its fleet with luxurious Dreamliner jets, which contribute to the optimistic outlook [2][6] - Despite the anticipated decline in Q4 earnings, the company's stock is approaching its all-time high, suggesting resilience in its market position [5][6]

United Airlines Holdings, Inc. (NASDAQ:UAL) is one of the stocks on Jim Cramer’s game plan for this week. Cramer was bullish on the stock before its earnings report, as he remarked: "Next, I’m a big believer in the travel theme. From the end of COVID until today, I think it has never left us. Remember, what I always say: we are long on money and short on time, which is why I would buy United Airlines ahead of the quarter, along with Delta, American Express, Booking Holdings, and Marriott. Those are what I ...

United Airlines Holdings, Inc. (NASDAQ:UAL) will release earnings results for the fourth quarter, after the closing bell on Tuesday, Jan. 20.Analysts expect the Winona, Minnesota-based company to report quarterly earnings at $2.94 per share, down from $3.26 per share in the year-ago period. The consensus estimate for United Airlines' quarterly revenue is $15.34 billion, up from $14.7 billion a year earlier, according to data from Benzinga Pro.On Dec. 10, Boeing Company (NYSE:BA) and United Airlines tested a ...

Market Analysis by covering: Procter & Gamble Company, United Airlines Holdings Inc, Netflix Inc. Read 's Market Analysis on Investing.com ...

U.S. stock futures fell on Tuesday following Friday’s declines. Futures of major benchmark indices were lower.The stocks extended the negative momentum seen during the holiday break as President Donald Trump's threat to impose escalating tariffs on Europe over the Greenland dispute continued to roil global markets.Meanwhile, the 10-year Treasury bond yielded 4.28%, and the two-year bond was at 3.57%. The CME Group's FedWatch tool‘s projections show markets pricing a 95% likelihood of the Federal Reserve lea ...

U.S. stock futures fell on Tuesday following Friday’s declines. Futures of major benchmark indices were lower.The stocks extended the negative momentum seen during the holiday break as President Donald Trump's threat to impose escalating tariffs on Europe over the Greenland dispute continued to roil global markets.Meanwhile, the 10-year Treasury bond yielded 4.28%, and the two-year bond was at 3.57%. The CME Group's FedWatch tool‘s projections show markets pricing a 95% likelihood of the Federal Reserve lea ...