United Airlines Holdings posted Q2 net income of $805 million, down 17.3% from a year earlier, as operating income fell 17.3% to $1.1 billion.
Revenue rose 16% to $17.67 billion, while operating expense increased 19.2% to $16.58 billion.
Aircraft fuel expense more than doubled to $5.11 billion on a higher average fuel price of $4.19 per gallon, up 79.4%.
Traffic rose 3.8% to 72,765 million RPMs as capacity increased 3.5% to 87,279 million ASMs, lifting load factor 0.3 percentage point to 83.4%.
Liquidity climbed to $16.6 billion in unrestricted cash, cash equivalents and short-term investments as of June 30, 2026, up from $12.2 billion at year-end.
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