United Airlines Holdings, Inc.: Miss — EPS $2.54, Revenue $17.88B
Earnings MissQ3 2026 · After-market
@trystockwhiz
Did United Airlines Holdings, Inc. (UAL) beat earnings today?
No, United Airlines Holdings, Inc. (UAL) missed Wall Street analyst expectations for Q3 2026, reporting lower-than-expected EPS and lower-than-expected revenue.
Earnings Per Share-1.93% surprise
$2.54Actual
Expected: $2.59
vs. year ago -8.6%
Total Revenue-0.13% surprise
$17.88BActual
Expected: $17.9B
vs. year ago +17.4%
Released Oct 20 · 4:00 PM ET
Earning Report
| Metric | Q3 2026 | Q3 2025 | YoY Change % |
|---|---|---|---|
| Revenue | $17.88B | $15.22B | +17.4 |
| Revenue detail — reported lines | |||
| └─Passenger revenue | $16.24B | $13.81B | +17.6 |
| └─Cargo revenue | $529.00M | $431.00M | +22.9 |
| └─Other operating revenue | $1.11B | $979.00M | +12.9 |
| GAAP Diluted EPS | $3.14 | $2.90 | +8.3 |
| Adjusted Diluted EPS | $2.54 | $2.78 | -8.6 |
| Net income | $1.03B | $949.00M | +8.5 |
Financial Outlook / Guidance
| Metric | Q4 2026 Outlook | Full Year Outlook |
|---|---|---|
| Total operating revenue | >20% YoY | — |
Business Highlights
- ➤Installed Starlink on more than 640 aircraft and offered it on about half of flights.
- ➤Debuted the Airbus A321XLR, "Born to Explore," in domestic service during September.
- ➤Announced the largest-ever international network expansion, with 10 new destinations planned for summer 2027.
- ➤Operated the largest domestic schedule in company history, serving 241 airports across the U.S. and Canada.
- ➤Launched live TV streaming on Starlink-enabled seatback screens through an agreement with DISH.
- ➤Opened a new three-level United Club in Houston Terminal B, the Americas’ largest airline club.
- ➤Unveiled modernization plans for Washington Dulles with expanded airport facilities.
- ➤Expanded its revolving credit facility, increasing available liquidity from $3B to $5B.
- ➤Introduced 10 exclusive Polaris meals in collaboration with Chef’s Table.
- ➤Launched Flight Finder to improve disrupted-travel rebooking options.
- ➤Completed the Denver Flight Training Center expansion, adding 40 simulators for a total of 86.
- ➤Resumed Newark–Tel Aviv service and launched Newark–Seoul nonstop service.
Management Commentary
Scott Kirby, CEO
“Our employees met the challenge of our ever-changing environment and our results prove the resilience of focusing on building a brand-loyal airline for customers.”
Scott Kirby, CEO
“We are winning new long-term, brand-loyal United customers because they are trying us for Starlink but staying with us for the industry-leading app, great service, on-board product and technology. These advantages will persist long after the fast, low-Earth orbit Wi-Fi we are offering today becomes the industry standard. By then, United will be leading on the next innovation as we seek to sustain our lead with customers.”