United Airlines Holdings Inc

United Airlines Holdings Inc

UAL

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Market Cap$37.26B
Close$

Compare to Similar Companies

P/E RatioDividendsReturn on EquityPrice-to-SalesDebt-to-Equity
United Airlines Holdings IncUnited Airlines Holdings Inc10.2-23%0.62.2

Earnings Call Q1 2026

April 22, 2026 - AI Summary

Strong Financial Performance: United Airlines reported a record total operating revenue for Q1 2026 of $14.6 billion, up 10.6% year-over-year, with a significant increase in yield and premium revenues. Earnings per share (EPS) reached $1.19, up 31% from the previous year, even amidst a $340 million spike in fuel costs, demonstrating resilience in demand and strong brand loyalty.
Fuel Cost Management: The company is proactively addressing the challenges posed by doubled jet fuel prices, with goals to recover 100% of these costs. They expect to recapture 40%-50% in Q2, escalating to 70%-80% in Q3 and up to full cost recovery by Q4 2026. This strategic pricing follows five successful price increases and reflects a broader long-term expectation of maintaining higher yields despite potential demand elasticity.
Capacity Adjustments and Operational Changes: United anticipates a flat to 2% growth in capacity for the second half of 2026, down from previous estimates. This decision stems from recognizing that some flights will not meet cost thresholds, thereby enhancing profitability in the elevated fuel environment. Operational efficiency remains a focus as they aim to maintain the highest net promoter scores and on-time performance.

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$135.33

Target Price by Analysts

28.7% upsideUnited Airlines Holdings Target Price DetailsTarget Price
$283.96

Current Fair Value

170.1% upside

Undervalued by 170.1% based on the discounted cash flow analysis.

Share Statistics

Market cap$37.26 Billion
Enterprise Value$64.19 Billion
Dividend Yield$- (-)
Earnings per Share$10.21
Beta1.21
Outstanding Shares326,800,000

Return

Return on Equity23.09%ROE
Return on Assets4.53%
Return on Invested Capital10.28%

Valuation & Multiples

P/E Ratio10.24P/E Ratio
PEG12.7PEG
Price to Sales0.57Price to Sales
Price to Book Ratio2.19Price to Book Ratio
Enterprise Value to Revenue1.06
Enterprise Value to EBIT11.75
Enterprise Value to Net Income17
Total Debt to Enterprise0.54
Debt to Equity2.19Debt to Equity

Revenue Sources

No data

Insider Trades

Last Earnings Call

Report Date
April 21, 2026
EPS Estimate
$1.08
Average shareholder expectation
Revenue Estimate
$14.39 B
Average shareholder expectation

Next Earnings Call

Expected Date
July 15, 2026
EPS Estimate
$1.77
Average shareholder expectation
Revenue Estimate
$17.57 B
Average shareholder expectation

Institutional Put/Call Ratio

Market sentiment based on institutional option activity.

Put/Call Ratio0.6427 73.79%
Total Calls23,502,924 73.78%
Total Puts15,106,223 19.10%

Institutional Ownership

Holdings and activity of institutional investors.

Ownership %86.83% 1.88%
Total Invested$26.14B 19.36%
Investors Holding1,054 40.00%

ESG Score

No data

About United Airlines Holdings Inc

CEO: Jeffery Smisek

Relevant Senate Committees

Joint Committee on Taxation

This committee provides the official revenue estimates and technical analysis for all tax legislation. Its work directly shapes tax policy, which, as with the Finance Committee, profoundly impacts United Airlines' corporate tax burden and financial performance.

Finance

This is a powerful committee controlling taxation, trade, and entitlement spending. Its decisions on corporate tax rates, depreciation rules, and international trade agreements directly impact United Airlines' profitability, capital investment decisions, and global operating environment.

Health, Education, Labor, and Pensions

Labor costs (pilots, flight attendants, ground crew) are a major expense for United Airlines. This committee's oversight of labor laws, union regulations, and pension policies directly impacts the airline's operating costs and human resources strategy.

Judiciary

This committee oversees antitrust laws and the DOJ. Antitrust enforcement and merger reviews are critical for the highly consolidated airline industry, directly impacting potential mergers, alliances, and competitive practices for United Airlines.

Commerce, Science, and Transportation

This committee has direct and extensive jurisdiction over the Federal Aviation Administration (FAA), which is the primary regulator for airline safety, air traffic control, and operations. It also oversees consumer protection via the FTC relevant to airline services.

Energy and Natural Resources

Airlines are extremely fuel-intensive. This committee's oversight of national energy policy, including oil and gas production and distribution, directly impacts jet fuel supply, pricing volatility, and a major operating cost for United Airlines.

Foreign Relations

As an international airline, United Airlines is heavily impacted by U.S. foreign policy, international treaties, and visa agreements. Sanctions, travel advisories, and diplomatic relations can directly influence international routes, passenger demand, and operational feasibility for the airline.

Homeland Security and Governmental Affairs

This committee oversees the Department of Homeland Security, which includes the Transportation Security Administration (TSA). TSA regulations directly impact airline security operations, procedures, and costs, making it a critical regulatory body for United Airlines.