24/4/2025, 1:22:03 pm

UAL Q1: Brand Loyalty and Capacity Adjustments Drive Outperformance

United Airlines (UAL) reported Q1 2025 revenue of $13.21 billion, beating estimates, with a 5.4% year-on-year increase. Non-GAAP EPS of $0.91 surpassed expectations by 23.8%. Operating margin rose to 4.6%, and free cash flow margin reached 18.7%. Brand loyalty and capacity adjustments drove resilience amid softer demand. Management maintained full-year EPS guidance of $7 to $9.