Back to top

Image: Bigstock

United (UAL) Reports Q3 Earnings: What Key Metrics Have to Say

Read MoreHide Full Article

United Airlines (UAL - Free Report) reported $15.23 billion in revenue for the quarter ended September 2025, representing a year-over-year increase of 2.6%. EPS of $2.78 for the same period compares to $3.33 a year ago.

The reported revenue compares to the Zacks Consensus Estimate of $15.3 billion, representing a surprise of -0.51%. The company delivered an EPS surprise of +5.3%, with the consensus EPS estimate being $2.64.

While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.

As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.

Here is how United performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
  • Passenger load factor - Consolidated: 84.4% compared to the 85.1% average estimate based on five analysts.
  • ASMs (Available seat miles): 87.42 billion compared to the 86.65 billion average estimate based on four analysts.
  • PRASM (Passenger revenue per available seat mile): 15.8 cents versus the four-analyst average estimate of 16.09 cents.
  • RPMs (Revenue passenger miles): 73.77 billion versus 73.57 billion estimated by four analysts on average.
  • Total revenue per available seat mile (TRASM): 17.42 cents versus the four-analyst average estimate of 17.68 cents.
  • Average aircraft fuel price per gallon: $2.43 compared to the $2.34 average estimate based on four analysts.
  • CASM-ex (excluding special charges, third-party business expenses, fuel, and profit sharing): 12.15 cents versus 12.48 cents estimated by four analysts on average.
  • Average yield per RPM: 18.73 cents versus the three-analyst average estimate of 18.98 cents.
  • Fuel gallons consumed: 1,233.00 MGal versus 1,282.33 MGal estimated by three analysts on average.
  • Operating revenue- Passenger revenue: $13.82 billion versus the five-analyst average estimate of $13.92 billion. The reported number represents a year-over-year change of +1.9%.
  • Operating revenue- Other operating revenue: $979 million versus the five-analyst average estimate of $935.02 million. The reported number represents a year-over-year change of +13.2%.
  • Operating revenue- Cargo: $431 million versus $445.93 million estimated by five analysts on average. Compared to the year-ago quarter, this number represents a +3.4% change.

View all Key Company Metrics for United here>>>

Shares of United have returned -1% over the past month versus the Zacks S&P 500 composite's +1% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.

See More Zacks Research for These Tickers


Normally $25 each - click below to receive one report FREE:


United Airlines Holdings Inc (UAL) - free report >>

Published in