United Airlines Q4 Adjusted EPS Tops Estimates, Revenues Rise 4.8%
United Airlines posted adjusted Q4 EPS of $3.10, surpassing consensus by $0.12 despite a 4.9% year-over-year decline. Operating revenues rose 4.8% to $15.4 billion, driven by a 4.9% increase in $13.9 billion passenger revenue, while cargo revenue fell 6% to $490 million.
1. Fourth-Quarter Adjusted Earnings
United Airlines reported adjusted Q4 2025 EPS of $3.10, beating the consensus estimate by $0.12 but marking a 4.9% decline year over year. The result fell within the guided range of $3.00 to $3.50 per share.
2. Revenue Performance
Total operating revenues reached $15.4 billion, up 4.8% year over year. Passenger revenues accounted for $13.9 billion, a 4.9% increase, while other revenues rose 9.1% to $981 million.
3. Passenger and Cargo Results
The airline transported 45,679 passengers in the quarter, a 3% year-over-year gain. Cargo revenues declined 6% to $490 million, reflecting softer freight demand and pricing pressures.