United Airlines Sees $9-$11 EPS Target for 2025 Amid Stabilizing Macro Environment and Intensified Premium Strategy

United Airlines has set a full-year EPS target of $9-$11 as the macro environment stabilizes and the company's premium strategy intensifies. The Q2 2025 earnings call highlighted the success of United's strategy, with CEO J. Scott Kirby stating that the quarter was further evidence that the "United -- next strategy continues to work and that the 2 brand loyal revenue diverse airlines continue to generate the bulk."

Title: United Airlines Reports Mixed Q2 2025 Earnings, Sets Full-Year EPS Target

United Airlines Holdings, Inc. (UAL) reported mixed second-quarter 2025 results, with earnings beating the Zacks Consensus Estimate but revenues falling short. The company's adjusted earnings per share (EPS) of $3.87 surpassed the Zacks Consensus Estimate by a penny but declined 6.5% year-over-year, remaining within the guided range of $3.25-$4.25 [1].

Operating revenues of $15.2 billion fell short of the Zacks Consensus Estimate of $15.4 billion but increased 1.7% year-over-year. Passenger revenues, which accounted for 90.8% of the top line, increased 1.1% year-over-year to $13.8 billion. UAL flights transported 46,186 passengers in the second quarter, up 4.1% year-over-year. Cargo revenues grew 3.8% year-over-year to $430 million, and revenues from other sources rose 8.8% year-over-year to $970 million [1].

The company's diverse revenue sources contributed to its second-quarter results. Premium cabin revenues increased 5.6% year-over-year, Basic Economy revenue rose 1.7%, and loyalty revenues surged 8.7% [1]. United Airlines' CEO, Scott Kirby, stated, "Our second-quarter performance was more proof that the United Next strategy is working. I am extremely proud of the team for executing a strong operation and navigating through a volatile macroeconomic period, while still growing earnings and pre-tax margin for the first half of the year" [1].

UAL anticipates less geopolitical and macroeconomic uncertainty in the second half of 2025, with demand inflection beginning in early July. For third-quarter 2025, UAL expects adjusted EPS between $2.25 and $2.75, and for the full year, the company now expects adjusted EPS between $9.00 and $11.00 [1].

References:
[1] https://finance.yahoo.com/news/united-airlines-tops-q2-earnings-162200022.html