Overview

* United Airlines Q3 revenue rose 2.6% yr/yr but missed analyst expectations

* Adjusted EPS for Q3 beats analyst expectations, reaching $2.78

Outlook

* United Airlines forecasts Q4 adjusted EPS between $3.00 and $3.50

* Company expects strong Q4 due to increased brand loyalty and unit revenue growth

* United plans over $1 bln in customer experience investments in 2026

Result Drivers

* BRAND LOYALTY - Growing base of brand-loyal customers contributed to resilience and strong Q3 results

* CUSTOMER INVESTMENTS - Over $1 bln in customer experience investments this year

* OPERATIONAL EXCELLENCE - Record low Q3 cancel rate and largest summer mainline schedule supported strong performance

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Miss $15.20 $15.32

Revenue bln bln (14

Analysts

)

Q3 Beat $2.78 $2.63

Adjusted (17

EPS Analysts

)

Q3 EPS $2.90

Q3 Beat $900 mln $888.44

Adjusted mln (12

Net Analysts

Income )

Q3 Net $900 mln

Income

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 21 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the airlines peer group is "buy"

* Wall Street's median 12-month price target for United Airlines Holdings Inc ( UAL ) is $116.50, about 11.5% above its October 14 closing price of $103.15

* The stock recently traded at 8 times the next 12-month earnings vs. a P/E of 7 three months ago

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)