United Airlines posts record $17.9 billion quarterly revenue

• United Airlines reported third-quarter 2026 operating revenue of $17.9 billion, up 17.4% year over year, supported by growth across passenger, cargo and loyalty businesses.
• Net income increased 8.5% to $1.029 billion, while GAAP diluted EPS reached $3.14; however, adjusted EPS declined to $2.54 as fuel expenses surged 61.6%.
• United expects revenue growth exceeding 20% in Q4 2026, while its available liquidity reached $17.7 billion and its plans for 10 new international destinations in summer 2027 remain subject to government approval.

United Airlines (NASDAQ:UAL) reported record third-quarter 2026 operating revenue of $17.9 billion, up 17.4% year over year, supported by passenger and loyalty demand.

Net income increased 8.5% to $1.029 billion and GAAP diluted EPS rose to $3.14, although adjusted EPS declined to $2.54 from $2.78.

Fuel expense climbed 61.6% to $4.843 billion, while revenue per available seat mile increased 15.9% and operating cost per available seat mile rose 17.3%.

United expects fourth-quarter revenue growth exceeding 20% year over year, potentially establishing another quarterly record despite continuing pressure from elevated fuel costs.

The airline ended September with $17.7 billion in available liquidity against $26.4 billion in financial obligations, while expanding revolving credit availability to $5 billion.

Meanwhile, United transported a record 49.5 million passengers during the quarter and plans service to 10 additional international destinations in summer 2027, subject to regulatory approvals.