United Airlines Holdings Inc

UAL: XNAS (USA)

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United Airlines Earnings: Premium Seats Offset Economy Cabin Weakness; Shares Still Overvalued

Nicolas Owens

Jan 22, 2026

United earned 8% less operating profit on 5% more revenue and capacity in fourth-quarter 2025 compared with 2024. Annual salaries increased 5.8% since 2024, while fuel costs dropped 3% despite it burning 5% more gallons. Premium cabin sales rose 11% versus 2024, while main cabin revenue fell 5%.

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United Airlines Holdings Inc

United Airlines Earnings: Premium Seats Offset Economy Cabin Weakness; Shares Still Overvalued

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