Q2Forecast News & Analysis

United Airlines (UAL) Lowers 2026 Adjusted Earnings to $7-$11

United Airlines (UAL) revised its 2026 earnings guidance, estimating adjusted earnings per share between $7 and $11, down from $12 to $14 due to increased jet fuel costs. For Q2, UAL forecasted adjusted earnings of $1 to $2 per share, lower than analyst expectations of $2.08. Fuel prices are projected to average $4.30 per gallon, with revenue covering 40% to 50% of the increase in Q2. Despite this, UAL reported a net income of $699 million for Q1, representing an 80% increase year-over-year.