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Sentiment · FY2026 Q2
As of FY2026 Q1, the Tellvest earnings-call sentiment score for United Airlines Holdings (UAL) is 6/10.
United delivered record Q1 revenue of $14.6B with TRASM up 6.9% and EPS of $1.19, up 31% year-over-year, but lowered FY2026 guidance sharply from $12-14 to $7-11 as an Iran conflict doubled fuel costs and added $340M to the Q1 fuel bill. Rapid fuel pass-through was underway with yields up 20% year-over-year and five price increases implemented, while capacity was cut approximately 5 points for the rest of the year to support yield recovery. The balance sheet was strengthened with $3.1B in debt paydown and the first unsecured bond since 2019, and seven major commercial initiatives were launched spanning merchandising, fleet, and loyalty.
Scored from United Airlines Holdings’s FY2026 Q1 earnings call. The newest quarter is available with Tellvest Pro.
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| Quarter | Revenue | Rev YoY | EPS | EPS YoY | Op margin | Net margin | FCF |
|---|---|---|---|---|---|---|---|
| FY2024 Q4 | $14.70B | +7.8% | $2.94 | +62.4% | 10.2% | 6.7% | $549M |
| FY2025 Q1 | $13.21B | +5.4% | $1.16 | +405.3% | 4.6% | 2.9% | $2.48B |
| FY2025 Q2 | $15.24B | +1.7% | $2.97 | -25.0% | 8.7% | 6.4% | $930M |
| FY2025 Q3 | $15.22B | +2.6% | $2.90 | 0.0% | 9.2% | 6.2% | $-246M |
| FY2025 Q4 | $15.40B | +4.8% | $3.19 | +8.5% | 9.0% | 6.8% | $-604M |
| FY2026 Q1 | $14.61B | +10.6% | $2.14 | +84.5% | 6.8% | 4.8% | $3.13B |
| FY2026 Q2 | $17.67B | +16.0% | $2.46 | -17.2% | 6.2% | 4.6% | $266M |