United Airlines Q1 pre-tax profit of $478 million vs. loss a year ago; revenue up 5.4%
United Airlines Holdings reported first-quarter 2025 total operating revenue of $13.2 billion, up 5.4%, and diluted earnings per share of $1.16, compared with a loss of $0.38 a year earlier. The company said adjusted diluted EPS of $0.91 was within its guidance range, and it will remove 4 points of scheduled domestic capacity starting in the third quarter of 2025 while expecting resilient earnings in the second quarter and full year.
Key points
- Q1 2025 pre-tax earnings of $478 million, with a pre-tax margin of 3.6%, versus a pre-tax loss of $164 million in Q1 2024
- Diluted EPS of $1.16 vs. a loss of $0.38 a year earlier; adjusted diluted EPS of $0.91
- Operating cash flow of $3.7 billion and free cash flow of $2.3 billion in the quarter; year-to-date share repurchases of approximately $451 million through April 10, 2025
- Domestic scheduled capacity to be reduced by 4 points starting in Q3 2025, per the investor update furnished with the filing
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:30 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on April 15, 2025.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.