Overview
- United posted fourth-quarter adjusted earnings of $3.10 on record $15.4 billion revenue, beating forecasts as premium and loyalty sales rose 9% and 10% year over year.
- The company projected full-year 2026 adjusted EPS of $12 to $14 and forecast first-quarter EPS of $1.00 to $1.50.
- Management said momentum carried into January with the highest flown revenue week on record and separate records for ticketing and business sales.
- United attributed an approximately $250 million reduction in fourth-quarter pre-tax earnings to a 43-day federal government shutdown.
- Plans call for more than 120 aircraft deliveries in 2026, including about 20 Boeing 787s, marking the most widebody arrivals for a U.S. passenger airline in a single year since 1988.