- United Airlines reported an adjusted EPS of $2.78 in Q3 2025, surpassing the estimate of $2.66.
- The adjusted EPS fell from $3.33 compared to the previous year.
- Operating revenue reached $15.23 billion, slightly below the estimate of $15.28 billion, but still a 2.6% year-over-year increase.
- Passenger revenue grew by 1.9% year-over-year, totaling $13.82 billion, which was below the estimated $13.91 billion.
- Cargo revenue increased by 3.4% year-over-year to $431 million, slightly under the estimated $432.4 million.
- Other revenue was up by 13% year-over-year, amounting to $979 million, surpassing the estimate of $936.6 million.
- PRASM decreased by 5% year-over-year to 15.80 cents.
- Revenue passenger miles increased by 6.1% to 73.77 billion, beating the estimate of 73.71 billion.
- Available seat miles rose by 7.2% year-over-year to 87.42 billion, exceeding the estimate of 86.51 billion.
- The load factor was 84.4%, which is lower than both the previous year’s 85.3% and the estimated 85.2%.
- Fuel consumed was 1.23 billion gallons, a 5.4% increase year-over-year, in line with estimates.
- The average price per fuel gallon was $2.43, a decrease of 5.1% year-over-year, with estimates at $2.41.
- CASM excluding fuel dropped by 0.9% year-over-year to 12.15 cents.
- Capital expenditure for the quarter was $1.46 billion.
- United Airlines is on track to invest over $1 billion this year in customer experience enhancements, with plans to invest a similar amount in 2026.
- The company has received 22 ‘buy’, 1 ‘hold’, and 1 ‘sell’ ratings from analysts.
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United Airlines Holdings on Smartkarma
Analysts at Baptista Research on Smartkarma have published insightful reports on United Airlines Holdings, shedding light on key aspects of the company’s performance and strategy.
In the report “United Airlines Premium Push: Will Extra Luxury Seats Provide A Much Needed Margin Boost?“, the analysts discussed United Airlines’ second-quarter 2025 earnings, highlighting operational successes and challenges. Despite disruptions at Newark Airport and a tough macroeconomic environment, the company managed to meet EPS guidance and exceed market expectations. Positive outcomes included the effective resolution of operational issues at Newark, enhancing the company’s performance.
Another report by Baptista Research titled “United Airlines Is Focused On Mastering Aircraft Supply Chain To Stay Ahead … But Is It Working?” analyzed United Airlines Holdings‘ first quarter 2025 earnings amidst a challenging economic climate with softer air travel demand. Despite these challenges, the company showcased resilience by achieving its highest pre-tax margin since the onset of the COVID-19 pandemic. The report underscored United’s success in winning over brand-loyal customers, contributing to its robust financial metrics even in challenging economic conditions.
A look at United Airlines Holdings Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 1 | |
| Growth | 5 | |
| Resilience | 3 | |
| Momentum | 5 | |
| OVERALL SMART SCORE | 3.4 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
United Airlines Holdings Inc, an airline holding company that operates airlines transporting passengers, property, and mail both domestically and internationally, is showing a promising long-term outlook according to Smartkarma Smart Scores. With high scores in Growth and Momentum, the company is positioned well for future expansion and performance. The Growth score of 5 indicates strong potential for increasing revenue and market share, while the Momentum score of 5 suggests positive trends and upward movement in the company’s performance.
Although the Dividend score is lower at 1, indicating a weaker performance in this area, United Airlines Holdings still maintains overall solid scores in Value and Resilience at 3 each. This balanced outlook, with strengths in Growth and Momentum, suggests that the company may have good potential for long-term growth and success in the airline industry.
### United Airlines Holdings Inc is an airline holding company. The Company owns and operates airlines that transport persons, property, and mail throughout the United States and abroad. ###
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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