UAL's revenue growth accelerated from approximately 2-5% year-over-year through mid-2025 to 17.4% by 2026Q3, reaching $17.9B in quarterly revenue, which appears to reflect meaningful capacity expansion and favorable pricing dynamics.
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Revenue growth accelerated to 17.4% year-over-year by 2026Q3 ($17.9B), yet operating margin declined from 12.9% in 2024Q2 to 8.1%, and the abrupt gross margin shift from ~30% to ~67% between 2024 and 2025 strongly suggests a cost reclassification rather than genuine operational improvement.
United Airlines has launched new nonstop services to St. Croix and is pursuing measured Caribbean growth, signaling opportunistic route expansion.
CEO Scott Kirby has expressed interest in acquiring airport slots and assets from financially pressured rivals, potentially strengthening United's competitive position.
The airline reported solid first-quarter 2026 results, building on its recent financial momentum.
Trailing total returns as of 11/8/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).
Check whether operating performance supports the current valuation.
Recent results and news deserve attention only when they alter the forward view.
| Quarter | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|
Q4 2026Latest Oct 20, 2026 | $2.54-1.2% vs $2.57 | $17.9B+0.0% vs $17.9B |
Q3 2026 Jul 15, 2026 | $1.99+5.9% vs $1.88 | $17.7B+0.3% vs $17.6B |
Q2 2026 Apr 21, 2026 | $1.19+10.2% vs $1.08 | $14.6B+1.5% vs $14.4B |
Q1 2026 Jan 20, 2026 | $3.10+5.8% vs $2.93 | $15.4B+0.2% vs $15.4B |
United Airlines expects Q4 revenue growth above 20%, but high fuel costs, margin pressures and earnings sensitivity raise questions about profitability.
United is the first airline to allow passengers to log in and stream their personal Spotify content on seatback screens; customers can watch video podcasts, live performances and music videos, or listen to music and audiobooks, right where they left off United's new functionality lets Spotify users watch and listen to popular artists and titles like On Purpose with Jay Shetty and To All the Boys I've Loved Before: Full Cast Graphic Adaptation by Jenny Han on the seatback screen from their own Spotify account, just as they would at home or on the go Spotify rollout will expand across half of United's fleet by next spring; airline is advancing inflight innovation as it expects to offer 219,000 seatback screens by the end of 2027 and complete fleetwide Starlink installation before the end of 2027 CHICAGO, Nov. 5, 2026 /PRNewswire/ -- United and Spotify today announced a first-of-its-kind way for travelers to enjoy their favorite Spotify content in the sky: streaming directly from their personal Spotify account on the seatback screen. Customers can scan a QR code to securely log in to access the full Spotify catalog, including over 100 million tracks, along with millions of podcasts, playlists, videos and albums directly from their screens*.
Recent declines in oil prices could provide meaningful cost relief for Delta and United, particularly as consumer demand for premium and business travel remains resilient. United offers stronger recent revenue growth and a slightly lower valuation, trading at 14.6 times forward earnings compared with Delta's 14.8 times.
Airline stocks are rising as oil prices tumble on hopes that U.S.-Iran talks could ease supply fears, according to reports from The Wall Street Journal, CNBC and the Financial Times. JetBlue Airways (NASDAQ:JBLU) stock is at $3.
Benchmark UAL against direct peers instead of judging its metrics in isolation.
Key metrics vs top competitors for United Airlines Holdings, Inc. (UAL)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $112.74 | $36.59B | 10.32 | 3.52% | 5.46% | 21.81% | — | |
| $87.20 | $57.34B | 17.47 | 2.79% | 4.58% | 15.4% | 0.77% | |
| $13.18 | $8.72B | -18.16 | 0.78% | -0.79% | — | — | |
| $44.45 | $21.75B | 20.85 | 2.11% | 3.34% | 14.39% | 1.61% | |
| $38.94 | $4.34B | -11.00 | 21.34% | -2.58% | -10.5% | — | |
| $3.67 | $1.38B | -1.38 | -2.34% | -10.01% | -58.36% | — |
United Airlines Holdings, Inc. (UAL) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
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United Airlines Holdings, Inc. (UAL) SEC filings — annual & quarterly reports (10-K, 10-Q)
Oct 20, 2026·SEC
Jul 15, 2026·SEC
May 22, 2026·SEC
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United Airlines Holdings, Inc. (UAL) stock FAQ — growth, dividends, profitability & financials explained
United Airlines Holdings, Inc. (UAL) reported $65.55B in revenue over the trailing twelve months. Revenue was $59.07B in fiscal year 2025. That is 261% more than the $16.36B of fiscal year 1996.
United Airlines Holdings, Inc. (UAL) grew revenue by 12.3% over the trailing twelve months, compared with the twelve months before.
Yes. United Airlines Holdings, Inc. (UAL) earned $3.58B in net income over the trailing twelve months (a 5.5% net margin).
United Airlines Holdings, Inc. (UAL) had a return on equity (ROE) of 21.8% over the trailing twelve months. That is well above the market's typical 10-15%.
United Airlines Holdings, Inc. (UAL) generated $1.12B in free cash flow over the trailing twelve months.
