United Airlines (UAL) Q1 2026 (USD): Adj. EPS 1.19 (exp. 1.08), Adj. net income 400mln (exp. 348.8mln), Revenue 14.6bln (exp. 14.39bln); Plans 5-point capacity reduction for rest of year

Guidance:

  • FY adj. EPS 7-11 (prev. 12-14, exp. 9.08).

Commentary:

  • Long-term strategy remains focused on winning brand-loyal customers, boosted by Q1 growth in earnings and margins.
  • Expects to take delivery of more than 250 new Aircraft by April 2028.
Context

United Airlines reported Q1 earnings that beat expectations on both adjusted EPS and revenue, signaling strong operational performance despite planning a capacity reduction later this year. The lowered full-year EPS guidance indicates caution going forward, but the company's focus on brand loyalty and future aircraft deliveries suggests a commitment to long-term growth.

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