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AI brief of an SEC Form 8-K · United Airlines (UAL)

United Airlines: Q4 diluted EPS $3.19, full-year EPS $10.20 up 8% from 2024

Positive Impact 3 of 5 earnings Written later

United Airlines Holdings reported fourth-quarter and full-year 2025 results, saying EPS exceeded Wall Street expectations. Full-year diluted EPS rose 8% to $10.20, and Q4 revenue of $15.4 billion was up 4.8% from a year earlier, but Q4 Total Revenue Per Available Seat Mile fell 1.6%. The company also cited about $250 million of pre-tax earnings impact from the November government shutdown.

Key points

  • Q4 2025 diluted EPS $3.19; adjusted diluted EPS $3.10, within the $3.00 to $3.50 initial guidance range
  • Full-year 2025 revenue $59.1 billion, up 3.5%; full-year pre-tax earnings $4.3 billion
  • Full-year 2025 operating cash flow $8.4 billion and free cash flow $2.7 billion; company expects similar free cash flow in 2026
  • Repurchased $640 million of shares in full year 2025 and $29 million in Q4 2025

The filing

CompanyUnited Airlines (UAL)
Form8-K, current report
Filed with the SECJan 20, 2026, 4:00 PM ET
Accession number0000100517-26-000014

Items reported: 2.02 Results of Operations7.01 Regulation FD Disclosure

Read the filing on SEC.gov ↗

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 January 20, 2026.

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.