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United Airlines Holdings, Inc. (NYSE: UAL) on Wednesday reported mixed results for the second quarter of fiscal 2026 — adjusted earnings declined despite an increase in revenues, but topped expectations.
The aviation giant’s second-quarter earnings, adjusted for one-off items, decreased to $1.99 per share from $3.87 per share in Q2 2025. However, earnings exceeded Wall Street’s expectations. On a reported basis, Q2 profit was $805 million or $2.46 per share, compared to $973 million or $2.97 per share in the year-ago quarter.
Meanwhile, operating revenue increased to $17.67 billion in the second quarter from $15.24 billion in the comparable period of fiscal 2025, beating estimates. Management raised its full-year adjusted earnings per share guidance to $9.00-$11.00.
“United is built to thrive in every environment, and when oil prices spiked in March, we quickly and decisively acted to adjust our schedules, while simultaneously doubling down on our customer investments. Our brand-loyal customers value their travel on United whether they are in Polaris or in Economy,” said Scott Kirby, CEO of United Airlines.
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