Overview
- United reported adjusted EPS of $3.10 on $15.4 billion in Q4 revenue, topping estimates and marking its highest quarterly sales.
- For 2025, operating revenue reached about $59.1 billion and the airline flew a record 181 million passengers.
- Management guided to 2026 adjusted EPS of $12 to $14 and projected $1.00 to $1.50 for Q1, with capex targeted below $8 billion.
- The company plans deliveries of over 100 narrowbody jets and about 20 Boeing 787s in 2026, the largest widebody intake by a U.S. carrier since 1988.
- Premium cabin revenue rose roughly 9% and loyalty revenue 10% in Q4, and shares traded several percent higher after the report as United cited record early‑January booking weeks.