United Airlines Holdings Inc

United Airlines Holdings Inc

UAL

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Market Cap$37.46B
Close$

Compare to Similar Companies

P/E RatioDividendsReturn on EquityPrice-to-SalesDebt-to-Equity
United Airlines Holdings IncUnited Airlines Holdings Inc10.8-21%0.62.9

Earnings Call Q2 2026

July 16, 2026 - AI Summary

Strong Q2 performance; brand-loyal strategy driving resilient demand - Q2 total operating revenue +$16% to $17.7B; TRASM +12.1% YoY with load factors slightly up. - EPS: $1.99 (non-GAAP per call context), at the high end of guidance range ($1–$2); pretax margin 4.8% despite fuel headwind. - Demand appears resilient to higher prices: no measurable demand impact; selling yields cited as mid-to-high teens YoY in recent weeks, supporting double-digit YoY RASM growth expectation for Q3 & Q4 (per management).
Fuel spike forced updated guidance; monetization/offset expectation remains - Management changed guidance policy to reflect the latest fuel prices after a recent fuel run-up. - Fuel spike this month estimated to equal ~$1.12 of EPS impact. - Cost recovery outlook: expects to recover 50% of YoY fuel increase in Q2 already, then 80–90% in Q3 and full recovery by Q4. - Forecasts: Q3 EPS $2.50–$3.50 (based on all-in fuel ~$3.69, using Tuesday’s curve). Full-year EPS $9–$11; guidance tightened due to oil up ~15–20% and crack spreads elevated.
Big structural cost inflation is the core challenge (beyond fuel) - CEO highlights the largest driver of fare increases is structural non-fuel cost inflation/harmonization post-COVID: airport fees (~+60% since COVID), labor, and maintenance. - Even if fuel normalizes, management argues the pricing power problem is mostly cost-side structural, not just commodity fuel/capacity. - Risk implied: multiple major competitors (CEO statement: 4 of 8) likely to lose money this year due to the cost shock—could create pricing dynamics over time.

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$157.56

Target Price by Analysts

34.4% upsideUnited Airlines Holdings Target Price DetailsTarget Price
$255.48

Current Fair Value

117.9% upside

Undervalued by 117.9% based on the discounted cash flow analysis.

Share Statistics

Market cap$37.46 Billion
Enterprise Value$75.74 Billion
Dividend Yield$2.15 (-)
Earnings per Share$10.21
Beta1.26
Outstanding Shares326,600,000

Return

Return on Equity20.94%ROE
Return on Assets4.14%
Return on Invested Capital8.80%

Valuation & Multiples

P/E Ratio10.77P/E Ratio
PEG-62.35PEG
Price to Sales0.61Price to Sales
Price to Book Ratio2.3Price to Book Ratio
Enterprise Value to Revenue1.2
Enterprise Value to EBIT15.15
Enterprise Value to Net Income21
Total Debt to Enterprise0.64
Debt to Equity2.9Debt to Equity

Revenue Sources

No data

Insider Trades

Last Earnings Call

Report Date
July 15, 2026
EPS Estimate
$1.88
Average shareholder expectation
Revenue Estimate
$17.62 B
Average shareholder expectation

Next Earnings Call

Expected Date
October 21, 2026
EPS Estimate
$3.31
Average shareholder expectation
Revenue Estimate
$17.73 B
Average shareholder expectation

Institutional Put/Call Ratio

Market sentiment based on institutional option activity.

Put/Call Ratio0.0000 64.27%
Total Calls100 100.00%
Total Puts- 100.00%

Institutional Ownership

Holdings and activity of institutional investors.

Ownership %0.64% 86.20%
Total Invested$282.80M 98.92%
Investors Holding179 877.00%

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.