United Airlines Holdings, Inc. (UAL) Q2 2026 Earnings Call Transcript
United Airlines saw strong demand from travelers in the second quarter despite higher ticket prices caused by surges in the price of fuel, executives said Thursday (July 16) during an earnings call.
United Airlines' Q2 earnings beat estimates as strong yields and broad revenue gains offset soaring fuel costs and margin pressure.
United Airlines NASDAQ: UAL executives said the carrier's second-quarter 2026 results showed strong demand, improving pricing and continued operational gains, even as a sharp increase in fuel prices pressured earnings and led the company to update its guidance approach.
United Airlines Holdings Inc (NASDAQ:UAL, XETRA:UAL1) shares fell about 2% after the carrier issued third quarter earnings guidance below Wall Street expectations, despite reporting second quarter results that topped analyst estimates and raising its full-year adjusted earnings outlook. For the third quarter, United forecast adjusted earnings of $2.50 to $3.50 per share, with the midpoint of $3 falling below analysts' consensus estimate of approximately $3.60 per share.
United Airlines has delivered a 235% gain since my first bullish call in October 2023, driven by international travel recovery and premium revenue growth. UAL came to the Q2 earnings report with a strong track record of beating Wall Street estimates. On July 15, the company maintained this track record. On the upcoming earnings call, I will look for more clues as to how United is managing the fuel cost pressure.
Although the revenue and EPS for United (UAL) give a sense of how its business performed in the quarter ended June 2026, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
United Airlines (UAL) came out with quarterly earnings of $1.99 per share, beating the Zacks Consensus Estimate of $1.92 per share. This compares to earnings of $3.87 per share a year ago.
Investors zero in on United's potentially fatter jet-fuel bill — the airline said it expects nearly $6 billion in additional fuel expenses for the year.
The carrier said that adjusted earnings should hit $9 to $11 a share in 2026, lifting the low-end of its previous target by $2 a share.
United's second-quarter earnings topped estimates and the airline expects full-year adjusted earnings per share to come in between $9 to $11. Jet fuel prices have spiked anew this month amid on-and-off U.S.-Iran conflict.
United Airlines Holdings Inc (NASDAQ:UAL, XETRA:UAL1) will report second-quarter earnings after the market close on Wednesday, with investors focused on how the carrier is managing rising fuel costs against resilient travel demand. UBS analysts said the bar for second-quarter earnings per share sits at $1.85 to $1.90, well above the midpoint of United's own $1 to $2 guidance.